Ripple, Solana, Litecoin, Doge ETFs Highly Likely To Receive SEC Nod in 2025

Key Takeaways

• The odds of approval for a Litecoin ETF have surged to 90%, with Dogecoin at 75%.
• XRP and Solana ETF approval chances remain below 75%, pending regulatory clarity.
• Analysts believe new SEC leadership will likely greenlight altcoin ETFs by year-end.

The likelihood of altcoin exchange-traded funds (ETFs) gaining approval in the U.S. is increasing, fueled by a more crypto-friendly stance from the Securities and Exchange Commission (SEC) under new leadership.

Analysts now see a high probability of approval for Litecoin , Dogecoin (DOGE) , Solana (SOL) , and XRP ETFs , with LTC leading the pack at 90%.

The shift in sentiment comes as Donald Trump, who has positioned himself as a pro-crypto candidate, strengthens his political influence.

Bloomberg ETF analysts suggest that the changing regulatory environment could pave the way for multiple altcoin ETFs by the end of 2025.

Altcoin ETFs Gain Traction—Litecoin and Dogecoin Lead the Pack

According to Bloomberg ETF analysts , Litecoin and Dogecoin have the highest chances of ETF approval. The odds are based on factors such as SEC filings, regulatory classification, and market maturity.

Altcoin ETF approval odds. Source: Bloomberg

Currently, the SEC has only acknowledged 19b-4 filings for Litecoin and Solana, while XRP and Dogecoin are still awaiting recognition. SEC Form 19b-4 is a crucial step in the approval process, as it signals the agency’s consideration of a proposed rule change related to an ETF listing.

Analysts believe Litecoin’s high probability of approval is due to its proof-of-work (PoW) mining model, which aligns it more closely with Bitcoin—currently one of the two assets with an approved spot ETF in the U.S.

Dogecoin , despite its origins as a meme token, has solidified itself as an investment vehicle with a multi-billion-dollar market capitalization. Under new SEC leadership, analysts speculate that it could also be classified as a commodity, strengthening its case for ETF approval.

XRP Faces Regulatory Hurdles

While XRP has seen a strong price surge this bull cycle, its ETF approval prospects remain uncertain. The biggest obstacle is its ongoing legal battle with the SEC.

James Seyffart, a senior ETF analyst at Bloomberg, believes that until the litigation between Ripple and the SEC is resolved, the chances of an XRP ETF remain slim.

“Until that whole mess of litigation between Ripple/XRP and the SEC is settled or has some expected outcome, you likely won’t see an ETF,” Seyffart explained .

However, he expects the SEC to acknowledge the 19b-4 filings for both XRP and Dogecoin later this week.

Additionally, the SEC’s crypto-focused working group, spearheaded by Commissioner Hester Peirce, could provide more clarity on the classification of digital assets by the end of 2025, potentially smoothing the path for XRP’s approval.

Countdown to SEC Decision

The SEC is expected to make a decision on the proposed altcoin ETFs by October. If approved, these ETFs could mark a significant shift in the institutional adoption of cryptocurrencies beyond Bitcoin (BTC).

For now, all eyes remain on the SEC’s evolving stance and whether the regulatory winds will finally turn in favor of altcoin ETFs.