What are the Chances of New Crypto ETF Approvals in 2025?
What are the Chances of a Litecoin ETF in 2025?
Cardano (ADA): ETF Hopes High For 2025 After Grayscale Filing
XRP ETF? The SEC Needs to Untangle a Mess
Prospects of a Solana ETF Approval in 2025
Wrapping Up

In 2024, the U.S. Securities and Exchange Commission (SEC) moved to approve spot Bitcoin and Ethereum ETFs. Now everyone is wondering which cryptocurrency is next in line to receive approval. The front runners are Solana, Litecoin, and XRP – with Dogecoin chasing the pack.

While these digital asset ETFs still have ground, they are in the home stretch. What comes next?

What are the Chances of New Crypto ETF Approvals in 2025?

Regulatory and political changes have increased the chances of ETF approvals in 2025. It is a matter of ‘when’ and not ‘if.’

Let’s look at the factors that could get these ETFs approved or rejected. Firstly, the government of the USA has adopted a more pro-crypto stance, particularly following the departure of Gary Gensler from the SEC. The current U.S. administration has shown willingness to bet on crypto, a complete departure from the hostility of Gensler.

His departure has been followed by the appointment of David Sacks as President Donald Trump’s crypto czar. Sacks emphasized that the current administration is committed to supporting the reasonable growth and use of cryptocurrencies. Does this support include the approval of crypto ETFs such as Solana, XRP, or Litecoin?

If analysts are to be believed, there is a 90% chance that a Litecoin ETF will be approved. Dogecoin, Solana and XRP are next, at 75%, 70%, and 65% probability respectively.

Additionally, major firms like Grayscale and Bitwise have made ETF applications, adding to the momentum and suggesting that the SEC may soon be more open to approving a range of cryptocurrency investment products.

What are the Chances of a Litecoin ETF in 2025?

Bloomberg ETF analysts James Seyffart and Eric Balchunas claim that Litecoin has a 90% chance of ETF approval in the USA

There are several reasons for this optimism: the SEC recently acknowledged Litecoin’s regulatory filings, and will likely classify it as a commodity, which will help the approval process for a Litecoin ETF.

Investor interest in digital assets has surged, particularly following the successful launches of Bitcoin and Ethereum ETFs, which have attracted significant inflows. 

The SEC is expected to make decisions on various crypto ETFs between Oct 2 and Oct 18, 2025. Mark your calendar. That’s when we’ll know if the pundits were right and Litecoin is the first ushered into the winners’ circle.

Cardano (ADA): ETF Hopes High For 2025 After Grayscale Filing

On Feb 11 2025, NYSE Arca filed with the SEC to list and trade shares of a spot Cardano ETF on behalf of Grayscale. The proposed Grayscale Cardano Trust would be the firm’s first standalone Cardano investment product and is huge news for ADA investors. This is more good news for Cardano after Charles Hoskinson took a senior advisory role in Donald Trump’s crypto regulation team earlier this year. 

Coinbase Custody Trust Company would serve as custodian of the Cardano spot ETF, while BNY Mellon Asset Servicing would act as administrator. The filing states that this would be the first such product based on ADA and would enhance market competition. 

Grayscale have also moved to convert its Solana trust into a spot ETF, and to launch an XRP ETF, amid a broader wave of crypto ETF applications from various asset managers.

XRP ETF? The SEC Needs to Untangle a Mess

The legal battle between the SEC and Ripple, the company behind XRP, is well documented and still far from over. The crypto market is hopeful that the case may conclude in XRP’s favor thanks to a crypto-friendly administration.

But until that happens, Bloomberg ETF analyst James Seyffart believes the SEC needs to untangle the mess it created, and show a viable path to the approval of an XRP ETF.

The only silver lining is that the SEC’s case against Ripple was initiated by a Gensler-led agency, and the tables have turned now that crypto-friendly authorities are setting the tune. 

Ripple’s Chief Legal Officer Stuart Alderoty said that the next head of the agency could drop the case. Is he stretching a bit too far?

One way or the other, the mess created by the agency will have to be untangled. For now, the SEC has acknowledged three XRP ETF filings in one day, signaling that it may just be a matter of time.

Prospects of a Solana ETF Approval in 2025

Solana is in a tricky situation. Major investment firms such as Grayscale, VanEck, 21Shares, and Bitwise have submitted ETF applications, reflecting strong institutional interest in Solana as a viable investment vehicle.

Like other ETF applications, the SEC has formally acknowledged these applications: a small but important step. 

However, analysts have noted that Solana may have to wait until 2026 to get a spot ETF approval in the USA, citing ongoing lawsuits that classify Solana as a security. All in all, the odds are not looking good for Solana, with predictions platform Polymarket predicting a 39% chance of an approval before 31 July 2025.

On the bright side, JP Morgan claims that the approval of a spot Solana ETF could attract between $3 billion and $6 billion in assets within its first year. 

Wrapping Up

Any crypto ETFs approved in 2025 will augur well for asset prices. ETF approvals may not kickstart a full-blown altcoin season, however, any new money into altcoins are a good thing for the whole sector.

Realistically, Litecoin is probably going to be the first to be approved for a spot ETF: it is reputable and in good standing with regulators. XRP and Solana are down the pecking orders but that should not rule them out. And there’s always Dogecoin.

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