Solana, Litecoin, and XRP top ETF approval odds as analysts weigh in

Analysts are strengthening the outlook for more altcoin ETFs as market anticipation heightens, suggesting if, when, and which are likely to get regulatory approval.

According to Bloomberg analyst James Seyffart on June 10, 2025, the odds of more altcoin ETFs getting approved are rising. The growing optimism follows the SEC’s formal acknowledgment of several 19b-4 filings from major issuers, including Grayscale, VanEck, Franklin Templeton, and 21Shares.

While the commission’s timeline for approval and decision remains uncertain, Seyffart estimates that regulators will likely greenlight the majority of pending crypto ETFs in early Q4, 2025.

Top of the list are Solana Solana (SOL) and (LTC) ETFs, which each hold a 90% probability of receiving the commission’s approval. Ripple (XRP) and Dogecoin (DOGE) follow closely with respective 85% and 80% chances, while Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) each come in at 75%.

Sui (SUI) comes in lower with a 60% chance, and TRON (TRX) is undecided given that it is not actively under review. Seyffart bases his estimates on a combination of factors, including how the SEC currently views each asset, whether the CFTC already regulates futures, as well as the strength of the filing institutions.

These projections build on recent reports that the SEC is engaged with issuers over their various Solana ETF filings and is likely to deliver a verdict in the coming weeks. Meanwhile, Seyffart’s high confidence in the Dogecoin ETF stands out, especially as expectations grow for more memecoin-related funds. 

Are Memecoin ETFs next?

Earlier this week, ETF analyst Eric Balchunas shared the potential for more memecoins to be the next candidates for regulatory greenlight. 

Balchunas’ optimism is centered on the belief that the nature of the sector could be leveraged for actively managed funds. He, however, noted that much of the chances depend on the SEC’s decision regarding the proposed Dogecoin ETF.

With the OG memecoin’s odds now looking strong, optimism is growing that the memecoin category, as a whole, could soon see its first series of ETF approvals.