Solana, Litecoin, and XRP top ETF approval odds as analysts weigh in

Analysts are increasingly optimistic about the potential for more altcoin ETFs, fueling market speculation regarding the timing and specific cryptocurrencies likely to receive regulatory approval.

Bloomberg analyst James Seyffart indicated on June 10, 2025, that the likelihood of additional altcoin ETFs being approved is on the rise. This growing sentiment follows the SEC's formal acknowledgement of several 19b-4 filings from prominent issuers, including Grayscale, VanEck, Franklin Templeton, and 21Shares.

While the SEC's timeline for decisions remains uncertain, Seyffart anticipates that regulators will likely approve the majority of pending crypto ETFs in early Q4, 2025.

According to Seyffart's analysis, Solana (SOL) and Litecoin (LTC) ETFs are currently leading the pack, each with a 90% probability of securing approval. Ripple (XRP) and Dogecoin (DOGE) follow closely behind with 85% and 80% chances, respectively. Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) are each estimated at 75%. Sui (SUI) is assessed at a lower 60% probability, while the status of TRON (TRX) remains undecided due to its current lack of active review.

Seyffart's projections are based on several factors, including the SEC's current stance on each asset, whether the CFTC already regulates futures for the cryptocurrency, and the strength of the institutions behind the filings.

These projections build upon recent reports indicating that the SEC is engaging with issuers regarding their various Solana ETF filings and is expected to deliver a decision in the coming weeks. The high confidence surrounding the Dogecoin ETF is particularly noteworthy, especially as expectations grow for more memecoin-related investment products.

Are Memecoin ETFs Next?

Earlier this week, ETF analyst Eric Balchunas discussed the potential for more memecoins to become candidates for regulatory approval.

Balchunas' optimism stems from the belief that the nature of the memecoin sector could be well-suited for actively managed funds. However, he emphasized that much depends on the SEC's decision regarding the proposed Dogecoin ETF.

With the prospects for the original memecoin looking increasingly positive, there is growing optimism that the broader memecoin category could soon see its first wave of ETF approvals.