Anticipating ETF Approval for Alternative Cryptocurrencies
Expert perspectives from Bloomberg analysts Eric Balchunas and James Seyfarth, both well-regarded in the realm of crypto ETFs, have offered new predictions regarding the potential authorization of various spot-based exchange-traded funds centered on altcoins. Their analysis extends beyond Ethereum, which already has ETF backing, and delves into the possibilities for Litecoin, Solana, XRP, and Dogecoin.
Assessing the Viable Options
The research suggests that Litecoin is currently the frontrunner in terms of approval probability, estimated at approximately 90%, with a decision expected by October 2, 2025. Dogecoin is next, with a projected 75% chance of approval by mid-October 2025. Solana and XRP are also being considered, with anticipated probabilities of 70% and 65%, respectively, before the conclusion of October 2025.
| Altcoin | Probability of Approval | Decision Due Date |
| Litecoin | ~90% | October 2, 2025 |
| Dogecoin | ~75% | Mid-October 2025 |
| Solana | ~70% | October 2025 |
| XRP | ~65% | October 2025 |
Further Points to Consider
The analysts also mentioned that if the SEC were to classify Litecoin and Dogecoin as commodities, it could significantly increase their chances of ETF approval. Concurrently, spot ETF proposals for HBAR and Polkadot are under examination, although specific approval probabilities have not yet been assigned to them. As part of its ongoing regulatory evaluation, the SEC has recently opened a public comment period for the proposed Litecoin and Solana ETFs.
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