Crypto ETF Frenzy: Solana & Litecoin Make the Cut, XRP Still Holding On!

Hold on to your digital hats, folks! The ETF gurus at Bloomberg have peered into their crystal balls — which are actually just really fancy charts — and determined that Litecoin, Solana, and those fancy Baskets/Index funds are likely to get the secret handshake from the SEC in 2025. Can you imagine? A 90% shot! I mean, what could possibly go wrong? Well, except for the Moon, Mars, and maybe your bank account. 🚀🌕

Big players like Grayscale, Bitwise, Hashdex, Franklin, and VanEck have already filed their love letters to the SEC. These applications are now officially recognized, with final decisions looming between mid and late 2025. The waiting game just got a whole lot more exciting — or annoying, depending on your caffeine intake. ☕️🤞

Not to be outdone, XRP isn’t far behind, with an 85% chance of securing its own spot in the ETF hall of fame next year. Dogecoin, ever the class clown, lingers with an 80% chance, while Cardano, Polkadot, HBAR, and Avalanche are all hanging around the 75% mark — a veritable crypto fashion show, really.

New kids on the block like Sui are sitting at a 60% chance, and Tron? Well, their ETF aspirations might just have to wait until 2026. Bloomberg’s whizzes calculated these odds based on past SEC decision patterns, application deadlines, and whether these cryptos are deemed commodities. Because why not make it even more complicated? 📉🤯

Is Solana Leading the Race?

Brace yourselves! The U.S. SEC might just give the thumbs-up to crypto ETFs as soon as next month, especially those powered by broad crypto indexes. Among the contenders, Solana seems to be sprinting ahead. It’s like the Usain Bolt of the crypto world — minus the gold medals, but with a promising spot ETF on its resume. Analysts say Solana might soon be Instagram-famous, just trailing Bitcoin and Ethereum in popularity.

Seven different entities have already thrown their applications into the ring for a spot Solana ETF. Regulators could also jump on the staking bandwagon early, thanks to Rex-Osprey’s creative workaround — think of it as doing the legal limbo to get those staking products approved. Nice. 🎉

“Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way,” quipped Eric Balchunas, who clearly knows how to spice up a crypto forecast.

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2025-06-11 06:08