Bitcoin and Ethereum ETFs were finally approved in early 2024, and now crypto traders are eagerly anticipating which coin will be the next to enter the ETF fray.

2024 was an incredible year for crypto, with Bitcoin price hitting all-time highs again and Ethereum reaching $4k for the first time since 2022. ETFs were undoubtedly a major factor in this surge.

To get an idea of which crypto is the favorite for the next ETF, we decided to check out Polymarket, a decentralized prediction market platform launched in 2020 by Shayne Coplan.

On Polymarket, users can bet on the outcomes of various real-world events across categories such as politics, sports, entertainment, and economic indicators. The platform operates on blockchain technology.

ETF Approval Odds Breakdown

Solana and Ripple are leading the pack with impressive 86% odds of getting an ETF approved in 2025. This high percentage reflects the strong belief among market watchers and investors in these cryptocurrencies to become mainstream investment options.

Polymarket - Solana ETF approval in 2025

Polymarket - Ripple ETF approval in 2025

Dogecoin, the meme coin, has a surprisingly high 69% chance of ETF approval, which is a huge possibility for a cryptocurrency that began as a joke.

The fact that nearly 70% of predictors believe Dogecoin could get an ETF by 2025 showcases how much crypto has changed in recent years.

Polymarket - Dogecoin ETF approval in 2025

Cardano is the lowest on the list with a 60% approval chance. While this is the lowest among the four, a 60% probability is still significant. It suggests that Cardano has a shot at getting an ETF, although it’s not the top contender.

Polymarket - Cardano ETF approval in 2025

Why Ripple Could Be the Next Big ETF

Among the four cryptocurrencies, Ripple stands out as a strong candidate for the next crypto ETF.

The company has built an amazing global network and has been working tirelessly to prove its value to financial institutions. Its long-running legal battle with the SEC seems to be moving towards a resolution after recent news announced by their CEO and CLO.

The company has something special that sets it apart from other cryptocurrencies. They are focused on solving real-world problems, particularly in cross-border payments.

Banks and financial institutions around the world are already using Ripple’s technology, which gives them a major advantage.

What makes Ripple truly unique is their approach to regulation. While many crypto companies try to avoid regulatory scrutiny, Ripple has been proactive.

They’ve been working closely with regulators, fighting legal battles, and trying to prove that they’re a legitimate financial technology company. This could be the key to their potential ETF approval in 2025.

Join our Telegram group and follow us on X (Twitter) to stay updated on the latest crypto news, analysis, and predictions.

We recommend eToro for trading cryptocurrencies, offering a wide variety of coins, competitive rates, and a user-friendly platform.

output: Bitcoin and Ethereum ETFs hit the scene in early 2024, and now crypto traders are eagerly anticipating which coin will be the next to enter the ETF fray.

This year was incredible for the crypto market, with Bitcoin price breaking ATH again and Ethereum reaching $4k for the first time since 2022.

ETFs were undoubtedly a major factor in this surge. To get an idea of which crypto is the favorite for the next ETF, we decided to check out Polymarket.

Polymarket is a decentralized prediction market platform launched in 2020 by Shayne Coplan. On Polymarket, users can bet on the outcomes of various real-world events across categories such as politics, sports, entertainment, and economic indicators. The platform operates on blockchain technology.

ETF Approval Odds Breakdown

Solana and Ripple are leading the pack with impressive 86% odds of getting an ETF approved in 2025. This high percentage reflects the strong belief among market watchers and investors in these cryptocurrencies to become mainstream investment options.

(Image Credit: Polymarket)

The image above showcases the probability of Solana ETF being approved in 2025 on Polymarket. As of November 8, 2024, around 86% of predictors on Polymarket believe that Solana ETF will be approved in 2025.

Meanwhile, Ripple has a slightly lower chance of getting an ETF approved in 2025 on Polymarket.

Polymarket - Ripple ETF approval in 2025

At present, the platform indicates a 69% likelihood of Dogecoin ETF being approved by 2025. This possibility is being recirculated on social media.

The