Solana, Litecoin, and Crypto Baskets Lead ETF Approval Race: Bloomberg

With seven issuers in line and regulatory optimism rising, Solana is seen as the frontrunner for the next major spot ETF.

The ETF analysts at Bloomberg are now giving Litecoin, Solana, and Baskets/Index funds a 90% chance of getting the nod from the FDA by 2025.

The applications for these ETFs have already been submitted by big companies including Grayscale, Bitwise, Hashdex, Franklin, and VanEck. These filings were recently recognized by the SEC and the final decision dates are now set between mid-2025 and end of 2025.

I wrote about this topic a bit today as well. Can be read at this link here if you're a Bloomberg Terminal Client:https://t.co/Tl3XfNq2Am

The report highlights that crypto traders and investors are eagerly awaiting the U.S. SEC’s verdict on several spot cryptocurrency exchange-traded funds (ETFs).

According to the latest predictions by Bloomberg ETF analysts, Litecoin, Solana, and crypto baskets or index funds have the highest probability of approval in 2025, with a 90% chance.

The applications for these ETFs have been submitted by major players in the industry, including Grayscale, Bitwise, Hashdex, Franklin, and VanEck. These filings were recently acknowledged by the SEC, and the final decision dates have been set between mid-2025 and the end of 2025.

The approved filings include applications for Bitcoin, Ethereum, Solana, and STET (a basket of various cryptocurrencies) ETFs from Hashdex; Bitcoin, Ethereum, and Solana ETFs from Franklin; and a combined Bitcoin and Ethereum ETF from VanEck.

In a separate report, Bloomberg analysts have assigned an 85% probability of approval for an XRP ETF in 2025. Dogecoin follows closely with an 80% chance, while other assets like Cardano, Polkadot, HBAR, and Avalanche are estimated to have a 75% probability of getting the green light.

Newer assets like Sui are rated a 60% chance, and Tron’s ETF filing is likely to be looked at in 2026.

The analysts calculated the odds by considering the last time the SEC acknowledged applications, the actual deadlines the firm has to make a final decision, and the chances of those cryptos being considered commodities, which could facilitate the approving process.