SOL·XRP And Other Spot ETFs, Approval Likelihood Over 90%

On June 21, 2025, Bloomberg ETF analyst James Seyffart predicted that the Securities and Exchange Commission (SEC) has more than a 90% chance of approving multiple cryptocurrency spot ETFs. This analysis was reported through CoinDesk.

Seyffart stated that the likelihood of SOL (Solana), XRP (Ripple), LTC (Litecoin), DOGE (Dogecoin), ADA (Cardano) spot ETFs being approved has greatly increased. He particularly assessed that the recent proactive review and communication attitude of the SEC is providing a positive signal to the ETF market.

Meanwhile, he saw that the approval probability for the SUI spot ETF proposed by Canari Capital would remain at about 60% due to regulatory uncertainty.

This analysis suggests that after the SEC's approval of Bitcoin and Ethereum ETFs, the possibility of expanding the spot ETF market to other major altcoins has increased. This is interpreted as a positive outlook for the overall market as it could lead to an expansion of institutional capital inflows and an enhancement of market credibility.