The race for spot cryptocurrency ETFs in the United States has shifted from Bitcoin and Ethereum to major altcoins. According to Polymarket data cited by CryptoRank.io, XRP currently leads with an 83 percent chance of spot ETF approval in 2025.
Other prominent altcoins, such as Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC), are also online. According to current odds, the chances of each one winning are well over 68 percent.
Polymarket reports traders now see the project approval odds of ADA, DOGE, and LTC as higher than they were before. Back in March, all of these coins were adopted below 50 percent, but they quickly rose to 70 percent for LTC and ADA and 68 percent for DOGE.
With the SEC now studying the WisdomTree XRP Trust, XRP has become the main topic in the industry. Should it receive approval, it will become the first ETF for someone to invest in XRP without owning the underlying asset.
SEC Reviews WisdomTree XRP ETF as Institutions Watch Closely
The news that the SEC is looking at WisdomTree’s spot XRP ETF application has strengthened the XRP community. Institutional investors are watching this development closely as it may lead to a significant increase in XRP investments.
WisdomTree, which manages assets exceeding $100 billion, could become the first to bring XRP into regulated ETF territory. The SEC has asked for public feedback on market manipulation concerns and investor protection issues.
The SEC has up to 240 days before making the final decision on the WisdomTree XRP Trust, according to regulations. For now, XRP is leading the way among possible altcoin ETFs.
Also Read: XRP Set to Explode? SEC Review of WisdomTree’s Spot ETF Sparks Massive Investor Buzz
Assets managers like Bitwise, VanEck, Canary Capital, and 21Shares have filed for Solana and Dogecoin ETFs. Even so, the SEC has previously postponed decisions on both and specified that these pauses are unbiased.
Dogecoin, despite its lower approval odds of 68 percent, gained attention after 21Shares filed for a DOGE ETF. Its path remains uncertain as the SEC continues to evaluate various applications under strict scrutiny.
Cardano and Litecoin Join the ETF Queue Amid Growing Optimism
Cardano and Litecoin are joining other cryptos in the push for ETFs. In the first half of this year, Grayscale filed to convert its Cardano Trust into a spot ETF.
Investors are quietly growing more confident with increased approval odds for ADA, now standing at 71 percent. At first, the Litecoin application for an ETF by Canary Capital encountered no delays, but later, it started experiencing problems.
The SEC wants to know if the LTC system is up to the task when it comes to protecting against fraud and fulfilling regulations. Even with setbacks, both ADA and LTC continue to rank well in the current race for approval.
According to CryptoRank.io, PEPE is an exception, as its chance of becoming an ETF is just 9 percent. It is showing far less growth than the other significant altcoins we are exploring.
