Solana, XRP, Litecoin ETFs Likely Approved by 2025: Analysts

• The Securities and Exchange Commission may soon approve a lot of crypto ETFs, apart from BTC and ETH. 
• The analyst mentioned that engagement from the SEC is a very positive sign, in our opinion. 

Two analysts from Bloomberg are optimistic that many top altcoins ETFs will be approved for trading and have shown 100% confidence in the likelihood of such spot approvals coming before the end of 2025. 

The analysts, Eric Balchunas and James Seyffart, mentioned on an X post on June 20 that Solana, XRP, and Litecoin spot ETFs are around at 95% odds of approval from the US SEC by the end of this year. 

Other tokens such as Dogecoin, Cardano, Polkadot, Hedera, and Avalanche spot ETFs’ chances of approval stand at 90%, as per the analysts. As per the current scenario, the two categories with crypto spot ETFs approval are Bitcoin and Ethereum. 

Meanwhile, if the mentioned chances come to be true, then it will mark a significant milestone in the industry. The success of BTC ETF and ETH ETF has ignited a demand for other crypto-focused ETFs. 

SEC Giving Hints To Approve ETFs 

Currently, Spot Bitcoin ETFs manages more than $100 billion in assets. Also, BlackRock’s iShares Bitcoin Trust (IBIT) manages $70 billion in AUM quicker than any fund in history, as per the company data. 

If such spot ETFs of crypto start trading, then the traditional finance institutions and retail investors can get direct exposure to the tokens, which have a history of being volatile. The spot ETF issuers really buy and store the crypto depicted by the financial products on behalf of clients. 

The optimism of analysts from Bloomberg that the Securities and Exchange Commission may soon approve a lot of crypto ETFs, apart from BTC and ETH, comes in line with the openness of agency to engage with requests to list them in a few months. It has also requested updated details and public comments on various applications. 

The applications have been filed by various Wall Street companies, varying from crypto-centric investment managers such as Grayscale to TradFi stalwarts including Fidelity and Franklin Templeton. Seyffart also mentioned that engagement from the SEC is a very positive sign, in our opinion. 

Highlighted Crypto News Today: 

Binance Unveils Locked Addresses and Concentration Indicator to Boost Token Transparency