Bloomberg Analysts Predict 95% Approval Odds for Solana, XRP, and Litecoin ETFs in 2025

Highlights:

• Approval chances for Solana, XRP, and Litecoin spot ETFs rose to 95%.
• ETF applications for Dogecoin, Cardano, and Avalanche have 90% approval chances.
• Spot Bitcoin ETFs grow rapidly, while Ethereum ETFs show much slower market growth.

Bloomberg ETF analysts James Seyffart and Eric Balchunas have increased their estimated approval odds for altcoin spot Exchange-Traded Funds (ETFs), reflecting growing confidence in regulatory acceptance. They now estimate a 95% chance of approval for spot ETFs tied to Solana (SOL), XRP, and Litecoin (LTC), up from their earlier 90% prediction. “We expect a wave of new ETFs in the second half of 2025,” said Syeffart.

Crypto ETF Approval Chances Rise with October Deadline for Top Coins

They also assigned a 95% approval chance to an ETF tracking a crypto asset index. The final decision on Litecoin, XRP, and Solana ETFs is expected in October. Meanwhile, ETF applications for Dogecoin, Hedera, Cardano, Polkadot, and Avalanche—each with a 90% approval chance—are expected to be reviewed in the fourth quarter. In comparison, Tron and Sui ETFs—filed by Canary Capital—have lower approval odds at 60% and 50%, respectively.

Trying to figure out what could go into an SEC framework aside from CFTC approved futures we looked at a few potential data points. The entire note and our midyear outlook can be seen at this link for Bloomberg Terminal clients: https://t.co/7C0bO3oEI3 pic.twitter.com/Y9CcCdNAGF

— James Seyffart (@JSeyff) June 30, 2025

Bloomberg reported on Monday that the REX Osprey Solana Staking ETF will debut on Wednesday, becoming the first staking-focused crypto ETF in the United States. The ETF faced issues with the SEC, which raised concerns after its registration was approved. The main question was whether it counted as an investment company under U.S. laws. To solve this, the issuers agreed to invest at least 40% of the fund in other crypto ETFs, mostly from outside the U.S.

Crypto ETFs Gain Momentum as Inflows Surge

So far, the SEC has only approved spot crypto ETFs for Ethereum and Bitcoin. These funds allow investors to follow crypto prices without actually buying the tokens. They’ve already attracted tens of billions of dollars from the market. Experts now believe crypto ETFs will remain a part of regular finance. Spot Bitcoin ETFs are growing fast, and BlackRock’s IBIT fund has passed $70 billion in assets this month. It is now one of the fastest-growing ETFs in United States history. However, Ethereum ETFs are growing more slowly.

In April, Bloomberg analyst Eric Balchunas shared that over 70 crypto ETF applications are waiting for SEC review. He noted that XRP and Solana spot ETF applications are leading the pack, with 10 firms applying for XRP ETFs and six for Solana.

There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year. Great roundup from @JSeyff pic.twitter.com/IHTqqxeH35

— Eric Balchunas (@EricBalchunas) April 21, 2025

According to the report, digital asset investment funds attracted $2.7 billion last week, marking the 11th straight week of inflows, which have now reached a total of $16.9 billion. Most of the inflows came from the United States, contributing $2.65 billion. Switzerland and Germany added $23 million and $19.8 million, respectively, while Canada, Hong Kong, and Brazil saw minor outflows. Bitcoin led with $2.2B in inflows last week, showing strong investor confidence. Short-Bitcoin outflows hit $12M this year, signaling growing optimism. Ethereum saw $429M in inflows; Solana lagged with only $91M for 2024.