Will the four major cryptocurrency ETFs be approved? Which one will stand out?
In October 2025, the U.S. Securities and Exchange Commission (SEC) will make a final ruling on the fate of the four major cryptocurrency spot ETFs. The ETF applications of XRP, Litecoin (LTC), Dogecoin (DOGE), and Solana (SOL) are under strict review by the SEC, and the results may reshape the future landscape of the cryptocurrency market. With the start of the 200-day countdown, the market's attention to this "ultimate trial" continues to heat up. Who will have the last laugh? Let's analyze them one by one.
XRP spot ETF: potential risks under open stance
Current status and progress
The application for XRP spot ETF is the most active among the four major currencies. WisdomTree, 21Shares and Grayscale have all submitted applications, and the latest ruling dates of the SEC are October 17, October 12 and October 12, 2025, respectively. Bloomberg ETF analysts James Seyffart and Eric Balchunas expect the probability of its approval to be 65%.