Solana (SOL) and Litecoin (LTC) Emerge as Frontrunners in the Race for Spot Crypto ETF Approval

In a surprising show of confidence, Solana and Litecoin have emerged as frontrunners in the race for spot crypto ETF approval, with Bloomberg Intelligence analysts assigning both a 90% chance of clearing the SEC’s gate next year.

Solana and Litecoin have emerged as frontrunners in the race for spot crypto ETF approval, with Bloomberg Intelligence analysts assigning both a 90% chance of clearing the SEC’s gate next year, according to an internal chart shared by Eric Balchunas.

The analysts' predictions, which are based on their own assessment of filing activity and regulatory trends, signal a growing belief that the SEC could be warming up to altcoin-based investment products beyond just Bitcoin and Ethereum.

"Would love to hear directly from Atkins, but all good chance of happening," Balchunas posted on X, referring to the SEC Commissioner who's been vocal about crypto regulation. His comment accompanied a detailed snapshot of Bloomberg Intelligence's latest odds for a slew of pending ETF filings.

According to the chart, various digital assets are being considered, each backed by heavyweight financial firms like Grayscale, VanEck, 21Shares, Bitwise, Franklin Templeton, CoinShares, Hashdex, and WisdomTree.

The filings are still pending approval from the SEC, with most of the final deadlines falling in Q4 of 2025. However, the analysts say those dates are flexible and decisions could come earlier, especially if political or market pressure increases in the coming months.

The internal chart predicts a 75% chance of approval for Cardano, Polkadot, and Avalanche, while Dogecoin and HBAR have an 80% chance. XRP trails just behind with an estimated 85% chance of approval.

"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," Seyffart added.

The focus on altcoins comes as the regulatory process remains slow-moving. Seyffart said that the SEC has already postponed decisions on Ethereum staking ETFs and Dogecoin spot ETFs this week. He expects similar delays on Solana and HBAR filings in the days ahead.

"This is expected IMO," he tweeted, clarifying that while the deferrals may seem frustrating, they're all part of the procedural pace.

"This is procedural and not surprising. Expect more. Also, chances are still very slim for approval of any of these in 2024. Most of the final SEC deadlines are in 2025."

However, the analysts' predictions suggest that the chances of approval for Solana, Litecoin, and other altcoins are relatively high. This interest in altcoins could lead to a broader rollout of crypto ETFs in the coming year.

"Institional interest in crypto is evolving—and rapidly. The conversation has moved well past Bitcoin and Ethereum. Now, the SEC finds itself under increasing pressure to define clearer rules around a broader set of digital assets," the analysts noted.

If the analysts are right, 2025 could be the year altcoins finally go mainstream on Wall Street.

The post Solana, Litecoin Have 90% Chance Of Spot Crypto ETF Approval In 2025: Bloomberg appeared first on Benzinga.