Let's go to Sol, after all, Trump's meme coin was issued here.

#你看好哪一个山寨币ETF将通过？
$Currently, the market's expectations for the approval of altcoin ETFs are mainly focused on projects that have a strong compliance foundation and where institutional applications are progressing rapidly. Based on recent developments, the approval likelihood for the Litecoin (LTC) ETF is the highest. Bloomberg analysts have clearly pointed out that Litecoin has been regarded as a commodity by U.S. regulators, and its S-1 filing has entered the SEC review stage. Additionally, the new SEC leadership's friendly attitude towards cryptocurrencies suggests that the Litecoin ETF is likely to become the first approved altcoin ETF by 2025. Furthermore, the entry of traditional financial institutions such as Franklin Templeton has further boosted market confidence, with analysts predicting a probability of approval exceeding 90%.$BTC


Secondly, the ETF applications for XRP and Solana (SOL) are also worth noting. Although XRP faced resistance due to legal disputes, the applications submitted by institutions such as Franklin Templeton and Brazil's precedent in approving a spot XRP ETF may drive a shift in U.S. regulatory attitude. Solana, with its high-performance underlying technology and the favor of institutional investors (such as WisdomTree's application), has significant long-term approval potential, but it needs to wait for the improvement of the regulated futures market by CME, which is expected to be delayed until the end of 2025.
Other potential candidates include Cardano (ADA) and Polkadot (DOT). ADA's ETF application submitted by Grayscale has been accepted by the SEC, and its recent price fluctuations have been driven by favorable policies, but whether its academic design can meet the SEC's scrutiny regarding market manipulation risks remains key. Although the ETF application for DOT has been initiated, progress is relatively slow and requires more compliance validation.
It is important to note that the SEC's approval of altcoin ETFs will strictly follow standards for commodity classification, custodial security, and market manipulation risk control. Furthermore, the policy direction of the new SEC leadership in 2025, the Trump administration's executive order prioritizing cryptocurrencies as a national issue, and the continued entry of institutional investors will become important variables in accelerating the approval process. It is recommended to closely monitor official SEC announcements and application dynamics from leading institutions.$ETH