Investors Are Eyeing the Summer, Especially June, as the SEC Will Make Their Decision on Crypto ETF

The SEC has again delayed the Polkadot ETF, whose decision was due on June 11. The official has asked for more time to gather investor comments and further review the proposal.

Investors are eagerly awaiting the summer, particularly June, as the Securities and Exchange Commission (SEC) is set to make its verdict on several crypto exchange-traded funds (ETFs).

Following the approval of spot Bitcoin and Ethereum ETFs, the question of which altcoin would be next and benefit from this new liquidity and demand is a topic of great discussion.

With many decisions approaching in June, let’s break down which one could receive the SEC’s approval first.

Solana, XRP, Dogecoin & Other Crypto ETF Deadline Explained

The SEC has once again postponed the decision on the Polkadot ETF, which was due on June 11. The regulator asked for more time to collect investor feedback and further assess the proposal.

Along with this crypto, Hedera’s HBAR ETF from Canary Capital also faced a setback, disappointing investors.

Now, the main focus is on the June 13th deadline for the Canary’s Litecoin ETF.

Although investors are anticipating the decision on these, the primary attention is on the Solana, XRP, and Dogecoin ETF. Many experts believe Solana stands a good chance of early approval, especially after the SEC requested the issuers to file S-1 statements by next week.

Crypto analyst, D.B, predicts the approval to come in 3-5 weeks, an estimation that aligns with Bloomberg analysts’ anticipations.

Moreover, Solana’s high approval odds are understandable considering that multiple ETF issuers like VanEck, Bitwise, Fidelity, Grayscale, and 21Shares have filed SOL proposals.

Another major point of interest is the spot XRP ETF. The SEC will make a ruling on Franklin Templeton’s filing by June 17 and ProShares XRP exchange-traded fund on June 25, 2025.

Investors have shown strong optimism for Ripple’s approval, but the ongoing XRP lawsuit and other factors add an element of uncertainty.

Lastly, the Grayscale Dogecoin ETF is pending review, with a decision expected sometime in June.

With so many exchange-traded fund updates rolling out this month, investors have taken to calling it ‘Altcoin ETF Summer.’

Solana vs XRP vs Dogecoin: Which Crypto ETF Will SEC Approve Next?

Amid the approaching SEC deadline, the market anticipation of which crypto ETF will be approved is increasing. Various crypto analysts have their own theories and claims, and investors also bet on their preferred ones.

According to the Polymarket report, the XRP approval odds are 87% after hitting 98.2% earlier in the month, Solana odds are 91%, Dogecoin odds are 69%, and similar levels are for the rest.

According to the Bloomberg analyst James Steyffart X post, the highest approval odds are for Litecoin and Solana ETF at 90% due to 19b-4 acknowledgement, commodity status, and FTC-regulated futures.

XRP ETF is next in line with 85% odds, followed by Dogecoin and HBAR with 80% odds. The experts say the odds are the least likely for the Sui and Tron filing. Overall, the top altcoins would witness the SEC’s positive decision based on these parameters.

However, the approval timeline is uncertain, as the SEC has delayed many and could delay more due to the high number of filings and regulatory challenges.

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