High likelihood of ETF approvals for Solana and Litecoin, predict analysts

High likelihood of ETF approvals for Solana and Litecoin, predict analysts

Revised Article

In a stunning turn of events, Solana and Litecoin are making waves as leading contenders for the upcoming spot crypto ETF approval. Bloomberg Intelligence analysts have given both a whopping 90% chance of sailing through the SEC's rigorous screening process by next year.

This optimistic outlook suggests that the SEC might be warming up to altcoin-based investment vehicles beyond Bitcoin and Ethereum. Eric Balchunas, one of the Bloomberg ETF experts, expressed a rooms-filled-with-confidence sentiment, hinting that SEC Commissioner Atkins, known for his vocal stance on crypto regulation, might just be on board with the idea.

So, who else is joining the party? Several digital assets are making their way to the front, backed by heavyweight financial players like Grayscale, VanEck, 21Shares, Bitwise, Franklin Templeton, CoinShares, Hashdex, and WisdomTree. But it's Solana and Litecoin that seem to be setting the pace right now.

These two filings have already been acknowledged by the SEC this year, with projected final deadlines on October 10 for Solana and October 2 for Litecoin. The reason for such bullishness? The SEC and CFTC are increasingly viewing these assets as commodities, rather than securities. Additionally, both assets boast established futures markets, which is usually a critical factor the SEC considers before approving spot ETFs.

The big players, like Grayscale, Bitwise, Franklin, and others, aren't limiting their bets to just a couple of coins. They're all-in, with the list of spot ETF applications expanding to contain XRP, Dogecoin, Cardano, Polkadot, Hedera (HBAR), and Avalanche. XRP trails closely behind with an estimated 85% approval chance, while Dogecoin and HBAR fall just behind at 80%. Even Cardano, Polkadot, and Avalanche aren't left in the dust, with projected odds of around 75%.

Most of these final SEC deadlines are expected in Q4 2025, although the analysts note that these dates may shift earlier if political or market pressure ramps up in the coming months. However, keep in mind that the regulatory process remains a slow-moving machine. Despite recent delays in decisions on Ethereum staking ETFs and Dogecoin spot ETFs this week, analyst James Seyffart asserts that these deferrals are part of the procedural pace.

All eyes are on these altcoins, but the regulatory process still moves with a snail's pace. The SEC's rapidly evolving stance on crypto is placing increasing pressure on the regulatory body to establish clearer rules for a broader range of digital assets.If the analysts are correct, 2025 could mark the year altcoins make their grand entrance onto Wall Street.

Additional Insights:

• The SEC has postponed decisions on multiple altcoin ETFs in late April 2025, including Solana (SOL), XRP, Dogecoin (DOGE), and Hedera (HBAR). These extensions have final deadlines now concentrated in Q4 2025.
• Regulatory scrutiny on whether altcoins like Solana (SOL) are qualified as securities remains a key concern, though growing commodity classification trends for SOL and Litecoin (LTC) by regulators may help clear this critical regulatory hurdle.
• The final decisions for Solana (SOL) and Litecoin (LTC) are projected by most experts to take place by October 2025.
• Key applicants for Solana (SOL) ETFs include Grayscale, VanEck, and Franklin Templeton, among others.

1. Solana and Litecoin, with a high chance of SEC approval, are causing a stir in the crypto world, striving for a spot in the upcoming crypto ETFs.
2. The SEC's potential acceptance of altcoin-based investment vehicles, such as Solana and Litecoin, could signal a shift beyond Bitcoin and Ethereum.
3. Grayscale, VanEck, and Franklin Templeton are among the financial giants supporting not just Solana and Litecoin, but also XRP, Dogecoin, Cardano, Polkadot, Hedera (HBAR), and Avalanche.
4. The SEC is increasingly viewing assets like Solana and Litecoin as commodities rather than securities, a critical factor considered before approving spot ETFs.
5. Established futures markets and the SEC's growing commodity classification trends might contribute to the approval of spot ETFs for altcoins like Solana and Litecoin.
6. XRP, Dogecoin, and several other altcoins, including Solana and Litecoin, have their final SEC deadlines in Q4 2025, although these dates may shift earlier under political or market pressure.
7. Despite regulatory delays, the growing pressure on the SEC to establish clearer rules for digital assets has experts predicting a possible grand entrance of altcoins onto Wall Street in 2025.
8. Regulatory scrutiny over the qualification of altcoins like Solana as securities continues to be a key concern, but growing commodity classifications may help clear this critical regulatory hurdle.

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