The SEC continues to evaluate cryptocurrency exchange-traded fund (ETF) applications, igniting fierce competition within the sector. Following the success of Bitcoin 
$98,389 and Ethereum 
$3,639 ETFs, attention is shifting towards altcoins like Solana 
$217 (SOL), XRP, Litecoin (LTC), and Hedera (HBAR). Investors are increasingly interested in these alternatives as the market evolves.
Growing Confidence in Solana ETFs
Polymarket, a blockchain-based prediction market, estimates an 85% chance that Solana ETFs will be approved by the SEC by the end of 2025. This figure marks a significant increase from the previous 45% prediction, highlighting rising confidence among investors. Leading asset management firms such as Grayscale, VanEck, and Bitwise have submitted applications for Solana ETFs.
Grayscale’s CEO stated, “The Solana ecosystem offers a strong investment opportunity.”
However, the SEC’s classification of Solana as a security poses risks in the approval process, potentially leading to delays.
Litecoin and Hedera ETFs Seen as Pioneers
Bloomberg analysts Eric Balchunas and James Seyffart predict that Litecoin and Hedera ETFs are more likely to be approved before Solana and XRP. Reduced regulatory issues give these cryptocurrencies an advantage.
Eric Balchunas remarked, “Litecoin’s similarity to Bitcoin and Hedera’s hashgraph technology could attract investor interest.”
The close relationship of Litecoin to Bitcoin and Hedera’s innovative technology may positively influence the approval process.
XRP ETFs Face Legal Hurdles
The ongoing legal battle between the SEC and Ripple 
$2 complicates the approval of XRP ETFs. While Ripple has achieved a partial legal victory, the question of XRP’s classification as a security remains unresolved.
A Franklin Templeton representative said, “XRP’s innovative use in cross-border payments may make it a strong candidate for ETF approval.”
The recent appointment of new SEC Chairman Paul Atkins could positively impact the ETF approval process. This change may affect the timing and order of approvals for Solana, XRP, Litecoin, and Hedera ETFs.
Market analysts believe that the new chairman’s more crypto-friendly approach may accelerate ETF approvals.
As demand for approvals increases and institutional interest grows, the crypto ETF market is expected to witness significant developments by 2025.
The approval of crypto ETFs could enhance market diversity and liquidity, granting investors easier access to various cryptocurrencies.
As investors and institutions closely monitor SEC decisions, expectations for the crypto market‘s trajectory are rising.
The leadership change at the SEC and the adoption of crypto-friendly policies may positively influence ETF approval processes.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
