XRP Hits 95% Chance of ETF in Sight, Says Bloomberg

• XRP, Solana, and Litecoin ETFs have a 95% chance of success
• SEC intensifies dialogue with crypto ETF issuers
• XRP ETF approval could happen later this year

Digital assets XRP, Solana (SOL) and Litecoin (LTC) have reached the highest probability level for approval for ETFs in sight, according to an update from Bloomberg Intelligence analysts. James Seyffart and Eric Balchunas raised the chances of such funds being authorized by the SEC to 95%, citing increased interactions between issuers and the regulator.

Previously, the XRP ETF had an approval rating of 85%. Now, with the new adjustment, the asset joins SOL and LTC at the top of the list, indicating a significant advance in the institutional recognition of these cryptocurrencies. The SEC’s growing engagement with fund issuing companies suggests that approvals could happen soon.

NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion pic.twitter.com/5dh8G8rK6Y

—James Seyffart (@JSeyff) June 20, 2025

In addition to the three major assets, other tokens such as Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), HBAR, and Avalanche (AVAX) have also seen their approval odds increase to 90%. For Canary Capital’s proposed SUI ETF, experts have projected an initial probability of 60%.

While several funds have gained traction, Seyffart noted that certain products, such as ETFs linked to TRON or TRUMP, have not yet been formally submitted through form 19b-4, a key requirement for the regulatory process. The analyst believes, however, that such submissions should happen soon.

The Litecoin ETF has been supported by historical decisions from the CFTC, which has already classified the asset as a commodity. This favors the progress of the regulatory process. In the case of Solana, the SEC recently requested updates to the S-1 filings of interested issuers, which signals that approval is likely to be close.

Despite the optimism, Seyffart stressed that the timeline for approvals is still unclear. “It could be something we talk about in the next month or two. Or it could be something that waits until October or later. It’s a question of when, not if,” he said.