Altcoin ETFs are almost ready to go: XRP, Litecoin, and Solana have a better than 90% chance of being approved

There is a hidden revolution taking place in the cryptocurrency markets, and it is knocking on Wall Street’s door. Bloomberg analysts James Seyffart and Eric Balchunas have assigned some well-known cryptocurrency exchange-traded funds (ETFs) like as XRP, Solana, and Litecoin a 90 to 95 percent chance of being cleared.   This event follows a string of positive news from the US Securities and Exchange Commission (SEC), which could indicate that digital assets are gaining popularity.

What made you suddenly hopeful?

Many people believe the SEC is a barrier to cryptocurrency innovation, but it has just changed its attitude.   It requested amendments to Solana ETF plans, including clarification on how staking works, as well as public feedback on Solana and XRP ETF filings from organizations like as Franklin Templeton.   These actions demonstrate regulatory thoroughness rather than resistance, which is a significant departure from the past, when there were several rejections.

This shift is evident in Balchunas and Seyffart’s Friday X post: “The odds of most spot crypto ETF approvals are now 90% or more.”   Aside from XRP and Litecoin, the list also includes ADA, DOGE, AVAX, and HBAR.   Even while SUI files are still lagging, it is clear that cryptocurrency is moving closer to conventional finance.

What Does This Mean for the Market

If these ETFs are approved, US investors may be able to buy altcoins using their ordinary brokerage accounts rather than wallets or exchanges.   This is a watershed moment that could pique institutions’ interest and make it easier for everyone to obtain funding.

There are over 20 cryptocurrency ETF filings being reviewed, and DeFi roundtables are sparking larger policy conversations about digital innovation.  One thing is clear: the SEC is no longer ignoring cryptocurrency; it is actively involved.   That is a signal that investors should be aware of.

Also read: Ripple Escrow Seizure Rumors Debunked by Experts