Bloomberg lifts approval odds to 95% for XRP, SOL, and LTC ETFs as SEC deadlines approach and institutional filings surge.
REX Osprey’s Solana ETF introduces US crypto staking access after overcoming SEC hurdles through offshore asset allocation.
Brazil’s GBTC11 ETF blends Bitcoin and Gold dynamically, enhancing global crypto exposure with a launch set for July 29.
Bloomberg has raised the approval odds for spot ETFs linked to XRP, Solana (SOL), and Litecoin (LTC) to 95%. This development signals growing institutional confidence and regulatory momentum within the crypto market. Bitcoin-related ETFs still dominate due to their earlier approvals and established acceptance. However, XRP, SOL, and LTC now represent the next wave of assets likely to receive SEC approval by October 2025. These assets share early 2025 filing dates and enjoy the "Likely Yes" commodity classification from Bloomberg analysts.
Institutional Momentum Behind ETF Filings
Major financial firms including Grayscale, Bitwise, and Canary have already filed multiple applications for XRP, SOL, and LTC ETFs. This institutional presence adds weight to their potential approval. Additionally, a second-tier group—including Dogecoin, Cardano, Polkadot, HBAR, and Avalanche—also shows promise. However, their later filings and extended deadlines place them slightly behind the frontrunners.
Meanwhile, lesser-known assets like SUI, Tron (TRX), and Pengu face mounting challenges. Their unclear commodity status and lower approval probabilities (50-60%) reflect higher regulatory risks. Moreover, their ETF filing timelines stretch into 2026, delaying possible market entry.
Solana ETF Breaks New Ground with Staking Approval
Bloomberg also reported the REX Osprey Solana Staking ETF is set to launch this Wednesday in the United States. This will be the first ETF in the U.S. that allows staking of crypto assets. However, the SEC initially objected post-registration, citing investment company qualification issues. Consequently, issuers agreed to allocate 40% of assets into non-U.S. domiciled ETPs to secure approval.
At the same time, the SEC delayed decisions on both the Bitwise spot Ether ETF and the Osprey Bitcoin Trust. This shows the regulator is still hesitant on staking-related approvals for Ethereum.
Brazil Expands Its Crypto ETF Frontier
Hashdex and Buena Vista Capital will soon launch GBTC11, a hybrid Bitcoin and gold ETF, on Brazil’s B3 exchange. This ETF will dynamically adjust its allocation based on market trends. Hence, Gold exposure rises during crypto downturns while Bitcoin exposure increases during gold lulls. Set to launch on July 29, GBTC11 strengthens Brazil’s lead in the global crypto ETF space.
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