Altcoin ETF Approval Expectations Are Rising

Firms that already manage Bitcoin and Ethereum ETFs are now focusing on altcoins like Solana, XRP, and Cardano. Currently, the SEC has more than 72 altcoin ETF applications under review. Some of these still lack the necessary documentation. 

Although short-term delays are expected, the first altcoin ETF approvals are anticipated in the last quarter of 2025. However, SEC procedures can take time. Recent postponements include Franklin Templeton’s XRP and DOGE spot ETFs, as well as Ethereum staking ETFs. Five more applications have been delayed for further evaluation. 

Approval Timeline for ETFs Remains Uncertain

Among altcoin ETF applications, Solana and XRP stand out. There are currently 19 applications focused on XRP. However, they are at different stages in the approval process, and no clear timelines have been set. Despite recent delays, XRP continues to trade around $2.24. 

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The likelihood of ETF approval is lower for more niche projects such as Polkadot and Hedera Hashgraph (HBAR). One of the biggest developments could be the inclusion of staking in ETF models. This could apply to assets like Ethereum and Solana. 

According to Polymarket predictions, the likelihood of approval remains low for the summer months. However, by the end of the year, the probability of Solana ETF approval is forecasted at 83%. While slightly below Bloomberg’s 90% projection, this figure is still considered strong. The market remains highly volatile, with current trading volumes reaching approximately $142,000. 

Cardano (ADA), Litecoin (LTC), and XRP also stand out with approval odds climbing up to 87%. While the ETF narrative is no longer as strong as it was during Ethereum’s approval process, investor interest remains. These funds could reignite recovery hopes for altcoins that have been trading at low levels for years. 

The impact of ETFs on crypto prices remains unpredictable. Both BTC and ETH experienced prolonged flat price action following their ETF launches. 

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