- Strong mining activity and price gains position Litecoin as a top contender for ETF approval.
- ETF optimism boosts Dogecoin’s stability, while HBAR faces more regulatory uncertainty.
- Solana XRP along with Cardano and Polkadot face continued uncertainty because the SEC has not yet defined their classification.
When it comes to potential spot ETF approvals, Litecoin and Dogecoin seem to have the highest chances. Based on the SEC’s recent actions—especially in the past couple of weeks—it’s clear that the agency is taking a more aggressive approach. Given that, we believe most of the cryptocurrencies filed for spot ETFs have a better than 50% chance of approval under the current SEC.
Litecoin Rises as Hashrate Hits New Highs
Litecoin stands out as the strongest contender, while Dogecoin also looks promising since there has never been serious debate about whether it qualifies as a security. HBAR is a bit less clear but still seems to be in the same category.
The Litecoin mining network reached its highest point as its hashrate achieved 2.5 PH/s and its difficulty exceeded 79.15 million.These figures highlight a significant rise in computational power dedicated to securing the network.
The current Litecoin (LTC) price stands at $93.54 as of March 15, 2025 showing a 3.48% increase from its previous trading rate.This positive momentum suggests renewed market interest and buying pressure.
Dogecoin and HBAR Gain as ETF Hopes Grow
Dogecoin and HBAR are gaining traction amid growing optimism over potential spot ETF approvals. Dogecoin, currently trading at $0.1737, has never faced serious security classification concerns, making it a strong contender. This has boosted investor confidence, keeping its price steady with increased trading activity.
HBAR, trading at $0.1930, faces more regulatory uncertainty but still holds promise. If approved for a spot ETF, it could attract institutional investors and drive momentum. However, lingering classification concerns keep some traders cautious.
ETF Uncertainty for Solana, XRP, Cardano & Polkadot
The rising chances of ETF approvals have already impacted both assets, with traders anticipating greater adoption and legitimacy. The market might experience additional price increases from positive regulatory developments yet short-term market movements would result from regulatory delays and denials.
Solana, XRP ,Cardano and Polkadot remain in a state of uncertainty when it comes to earning spot Exchange Traded Fund approval.While they have strong ecosystems and significant market presence, their regulatory classification remains unclear. The SEC has yet to take a definitive stance on whether they qualify as commodities or securities, making their ETF approval prospects harder to predict.
The SEC’s current position regarding listing these securities within commodity exchange-traded funds (ETFs) has the potential to attract institutional buyers and result in increased valuations. Thus,the classification decision for these funds holds great power to transform their market adoption and future growth prospects
