Here Are The Most Likely Altcoin ETFs to Gain SEC Approval

Bloomberg analysts Eric Balchunas and James Seyffart, known for their insights on cryptocurrency ETFs, have assessed the likelihood of approval for several altcoin-based exchange-traded funds (ETFs).

While Ethereum remains the only altcoin with an ETF greenlight, they examined the prospects for Litecoin, Solana, XRP, and Dogecoin.

According to their analysis, Litecoin has the highest chance of approval at 90%, with a decision expected by October 2, 2025. Dogecoin follows with a 75% probability by October 18, while Solana and XRP have estimated chances of 70% and 65% by their respective deadlines in October 2025.

The analysts pointed out that Litecoin and Dogecoin are more likely to be classified as commodities by the SEC, which could improve their approval odds. They also suggested that the political landscape could influence future decisions, noting that if the Democrats had won the U.S. election instead of Donald Trump, approvals for non-Litecoin altcoin ETFs might have been less likely.

Meanwhile, applications for HBAR and Polkadot spot ETFs remain under review, with no probability estimates provided. The SEC has recently invited public comments on the Litecoin and Solana ETF proposals as part of its evaluation process.