- Litecoin leads the altcoin ETF race with a 90% approval probability, sharing the top spot with Solana as optimism grows among analysts.
- Litecoin’s strong institutional support and favorable regulatory outlook position it as a front-runner for SEC approval in early Q4 2025.
The race for altcoin exchange-traded funds (ETFs) is heating up, and according to Bloomberg analyst James Seyffart, Solana (SOL), Litecoin (LTC), and Ripple’s XRP are leading the charge toward likely approval.
On June 10, 2025, Seyffart revealed that the odds of more altcoin ETFs being approved are rising significantly. This growing optimism is driven by the U.S. Securities and Exchange Commission’s (SEC) formal acknowledgment of multiple 19b-4 filings submitted by industry giants like Grayscale, VanEck, Franklin Templeton, and 21Shares.
Litecoin and Solana Take the Lead in ETF Approval Odds
At the top of Seyffart’s list are Solana and Litecoin ETFs, both with a strong 90% chance of SEC approval. These assets have gained momentum in recent months, fueled by increased institutional interest and a relatively favorable stance from regulators. Their growing legitimacy makes them prime candidates for the next wave of crypto ETF listings.
XRP and Dogecoin Close Behind
XRP and Dogecoin are also in strong positions, with approval probabilities of 85% and 80%, respectively. XRP’s regulatory clarity following Ripple’s partial court victory against the SEC in 2023 has strengthened its case. Meanwhile, Dogecoin’s massive community backing and growing mainstream recognition have boosted its chances.
Cardano, Polkadot, and Avalanche in the Mix
Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) are each sitting at a solid 75% chance of approval. These networks continue to show robust development activity and strong support from institutional players, enhancing their ETF prospects.
SUI and TRON Lag Behind
Sui (SUI) trails the others with a 60% chance, while TRON (TRX) is currently not under active review, making its future uncertain in the ETF race.
Q4 2025: The Decision Window
Although the SEC has not provided a clear timeline, Seyffart expects most ETF decisions to arrive in early Q4 of 2025. His predictions are based on several key factors, including how each asset is perceived by regulators, existing CFTC futures regulations, and the reputation of filing institutions.
Crypto markets now turn their eyes to the fourth quarter, where the ETF wave could potentially reshape the altcoin landscape.
