As the U.S. Securities and Exchange Commission (SEC) continues to evaluate applications for cryptocurrency exchange-traded funds (ETFs), competition in this space is heating up. Bitcoin $97,678.3 and Ethereum 
$3,588.6 Following the success of its ETFs, investors sold Solana (SOL), XRP, Litecoin 
$111.2 It focuses on altcoins such as (LTC) and Hedera (HBAR).
Rising Confidence in Solana ETFs
In a blockchain-based prediction marketplace, Polymarket estimated the probability of Solana ETFs being approved by the SEC by the end of 2025 at 85%. This rate is up from the previous estimate of 45%, indicating growing confidence among investors. Leading asset management companies such as Grayscale, VanEck, and Bitwise have submitted applications for Solana ETFs.
“The Solana ecosystem offers a strong investment opportunity,” said Grayscale CEO.
However, the SEC’s classification of Solana as a security creates risks in the approval process. Experts state that this situation may cause a delay in approval.
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. The lack of regulatory problems makes these cryptocurrencies advantageous.
“Litecoin’s similarity to Bitcoin and Hedera’s hashgraph technology may attract investors’ interest,” said Eric Balchunas.
Litecoin’s closeness to Bitcoin and Hedera’s hashgraph concept may have a positive impact on the approval process.
XRP ETFs Face Legal Obstacles
Ripple with SEC 
$2.4 Approval of XRP ETFs is becoming difficult due to the ongoing legal battle between Although Ripple achieved a partial legal victory, the issue of whether XRP is considered a security remains unresolved.
“XRP’s innovative use in cross-border payments could make it a strong candidate for ETF approval,” a Franklin Templeton representative said.
The appointment of new SEC chairman Paul Atkins could positively impact the ETF approvals process. This change may affect the timing and order of approval of Solana, XRP, Litecoin and Hedera ETFs.
Market analysts note that the SEC’s new chairman adopting a more crypto-friendly approach could contribute to the acceleration of ETF approvals.
Increasing demand for the approval process and interest from institutions point to significant developments in the crypto ETF market in 2025.
Approval of crypto ETFs can increase diversification and liquidity in the market by providing investors with access to a variety of cryptocurrencies.
While investors and institutions closely follow the SEC’s decisions, expectations on the future of the crypto market are growing.
The SEC’s change in leadership and the adoption of crypto-friendly policies could positively impact ETF approval processes.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
