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Solana (SOL) and Litecoin (LTC) have emerged as the frontrunners in the highly anticipated race for spot crypto ETF approval in the United States. Bloomberg Intelligence analysts have assigned a significant 90% probability to both assets receiving the green light from the Securities and Exchange Commission (SEC) next year.
This bullish forecast, publicly shared by Bloomberg ETF experts Eric Balchunas and James Seyffart, indicates a growing confidence that the SEC may be broadening its acceptance of cryptocurrency-based investment products beyond the established giants, Bitcoin (BTC) and Ethereum (ETH). Balchunas, in a post on X, expressed optimism, hinting at positive signals regarding regulatory sentiment.
Would love to hear directly from Atkins, but all good chance of happening. Here’s our latest odds of approval for all the dif spot ETFs via @JSeyff https://t.co/nLhYJJmO9U pic.twitter.com/4AcJVwhics
— Eric Balchunas (@EricBalchunas) April 30, 2025
Bullish Signals for Altcoin ETFs
The optimism surrounding Solana and Litecoin stems from several key factors. Both digital assets have seen their spot ETF filings officially acknowledged by the SEC earlier this year, setting projected final decision deadlines in October 2025 – October 10th for Solana and October 2nd for Litecoin.
Furthermore, a crucial element bolstering their prospects is the increasing tendency of both the SEC and the Commodity Futures Trading Commission (CFTC) to classify these assets as commodities rather than securities. This distinction helps to clear significant regulatory hurdles. Additionally, both Solana and Litecoin benefit from established futures markets, a factor the SEC traditionally considers favorably when evaluating spot ETF applications.
A Wider Landscape of Crypto ETF Hopefuls
Solana and Litecoin are not alone in this burgeoning space. According to Bloomberg Intelligence’s internal data, a diverse range of digital assets are under consideration for spot ETFs, backed by prominent financial institutions including Grayscale, VanEck, 21Shares, Bitwise, Franklin Templeton, CoinShares, Hashdex, and WisdomTree.
Following closely behind Solana and Litecoin in terms of predicted approval odds is XRP, with an estimated 85% chance. Dogecoin (DOGE) and Hedera (HBAR) are also viewed favorably, with an 80% probability. Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) trail slightly but still hold strong estimated odds of around 75%. The final SEC decision deadlines for most of these applications are slated for the fourth quarter of 2025, although analysts suggest these dates could be subject to change depending on market and political pressures.
We also had the SEC delay decisions on Ethereum Staking and Dogecoin ETFs today. I am expecting more delays today or at least this week on some Solana and Hedera/HBAR ETF filings. This is expected IMO. Final deadlines for most of this stuff is in October 2025 or later. https://t.co/kOZNCSjy6c
— James Seyffart (@JSeyff) April 29, 2025
Regulatory Hurdles and Institutional Appetite
Despite the growing optimism, the regulatory process remains deliberate. Seyffart noted recent postponements on decisions regarding Ethereum staking ETFs and Dogecoin spot ETFs, anticipating similar delays for Solana and HBAR filings. He emphasized that these deferrals are part of the expected procedural pace.
Nevertheless, the sheer volume and caliber of institutional interest in a wider array of cryptocurrencies is undeniable. The focus has clearly expanded beyond Bitcoin and Ethereum, placing increasing pressure on the SEC to establish clearer regulatory frameworks for a broader spectrum of digital assets. If Bloomberg’s analysts’ predictions hold true, 2025 could mark a significant turning point, potentially ushering in an era where altcoins gain mainstream acceptance on Wall Street through accessible ETF products.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Bloomberg: Betting Against Ethereum Is 2025’s Most Profitable ETF Strategy
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
