- Solana, XRP, and Litecoin ETFs near 95% approval odds, signaling SEC policy shift
- DOGE, ADA, and DOT trail closely with 90% ETF approval chances by year-end
- TRX, BONK, and BNB face ETF delays due to unclear status and regulatory hurdles
The U.S. Securities and Exchange Commission (SEC) is nearing a pivotal moment in crypto regulation. Over 70 crypto ETFs are currently pending approval, and momentum is rapidly building around altcoin-based funds. The surge in ETF applications reflects both rising institutional demand and greater confidence in digital assets.
Notably, tokens like Solana (SOL), XRP, and Litecoin (LTC) are now front-runners, with analysts forecasting approvals by October 2025. These decisions could reshape the crypto investment landscape and trigger a broader wave of altcoin adoption.
NUMBER OF CRYPTO ETFS WAITING FOR SEC APPROVAL👇
— Crypto Rover (@rovercrc) July 8, 2025
XRP: 9
Solana: 9
Bitcoin: 4
Ether: 3
Dogecoin: 3
Litecoin: 3
BNB: 2
Sui: 2
TRUMP: 2
BONK: 2
Multi-crypto: 2
Near: 1
SEI: 1
Tron: 1
PENGU: 1
Avalanche: 1
Aptos: 1
Axelar: 1
Melania: 1
Cardano: 1
Chainlink: 1
Polkadot: 1
Hedera: 1 pic.twitter.com/emZqGouu8U
High-Probability Approvals Signal Market Shift
According to Alva report, the SEC is likely to greenlight spot ETFs for Solana, XRP, and Litecoin within months. All three tokens now hold a 95% approval probability, underscoring their perceived maturity and market stability.
The final deadline for these single-asset ETFs is set for October 2025. Meanwhile, the launch of the first Solana staking ETF this week points to growing regulatory comfort with yield-generating crypto products. This launch could set a precedent for future staking-based funds, expanding investor options beyond passive exposure.
The anticipated approval of the Grayscale Digital Large Cap ETF this month is another strong indicator. This multi-asset product includes several altcoins now under SEC review.
Hence, its acceptance may fast-track other applications tied to those same assets. With institutional interest mounting, these developments signal growing confidence that altcoins can meet regulatory standards.
High Odds for DOGE, Cardano, and Others
Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Avalanche (AVAX), and Hedera (HBAR) are close behind. Each of these assets now has a 90% chance of spot ETF approval, with decisions likely before year’s end. Unlike early ETF applicants, these tokens benefit from improved legal clarity and evolving SEC-CFTC coordination.
Additionally, the SEC is weighing a new wave of multi-crypto index ETFs, which could be approved as early as this week. These index funds offer diversified exposure and could open the door for less popular assets to gain institutional attention.
Uncertain Path for Lower-Tier Tokens
Not all tokens are on equal footing. While Sui (SUI) maintains a 60% chance of approval, others like TRX, PENGU, and BONK face tougher regulatory scrutiny. These assets lack futures markets or defined commodity classifications, which complicates their ETF prospects.
Moreover, tokens such as BNB, NEAR, and Chainlink remain in ETF limbo, with no clear approval roadmap. Their inclusion in index products might be their only near-term path to institutional markets.
