SEC Greenlights Litecoin, Solana, and XRP ETFs—Wall Street Prepares to Milk the Crypto Cash Cow

After years of regulatory foot-dragging, the SEC finally caves—approving a trio of crypto ETFs that’ll let institutional investors ride the volatility train. Litecoin, Solana, and XRP lead the charge, with BlackRock and friends already sharpening their fee-hungry claws.

Why now? Election-year pressure meets post-halving FOMO. The usual suspects are spinning this as ’legitimization’—never mind that 90% of these products will bleed investors dry via spreads and management fees.

Solana’s inclusion shocks nobody—its VC backers have been lobbying harder than a Big Tobacco exec. XRP’s approval? That’s the real plot twist, given the SEC’s decade-long vendetta. Litecoin just keeps chugging along, the cockroach of cryptocurrencies.

Prediction: These ETFs will attract $20B in AUM by EOY... right before the next ’black swan’ event triggers mass liquidations. But hey—at least the hedge funds get their commission checks.

In a recent update, Bloomberg’s Senior ETF Analyst Eric Balchunas shared fresh updates on the chances of various spot cryptocurrency ETFs getting approved by the U.S. Securities and Exchange Commission (SEC).

In a post on X (formerly Twitter), Balchunas mentioned he’s hoping to hear from the SEC directly, but for now, the chances for several crypto ETFs getting the green light are looking strong.

Would love to hear directly from Atkins, but all good chance of happening. Here’s our latest odds of approval for all the dif spot ETFs via @JSeyff https://t.co/nLhYJJmO9U pic.twitter.com/4AcJVwhics

The analyst has listed the approval odds for popular cryptocurrencies like Litecoin, Solana, XRP, and others. And guess what? Some of them have a 90% chance of approval in 2025.

Here’s a quick, easy look at the latest numbers:

• Crypto Basket ETFs (mix of different coins) – 90%
  
• Litecoin (LTC) – 90%
  
• Solana (SOL) – 90%
  
• XRP – 85% (important update coming on April 21st)
  
• Dogecoin (DOGE) – 80%
  
• HBAR – 80%
  
• Cardano (ADA) – 75%
  
• Polkadot (DOT) – 75%
  
• Avalanche (AVAX) – 75%
  

Most of these crypto assets are likely to be treated as commodities by the SEC, which makes their approval chances even brighter.

The report also points out key dates and regulatory deadlines for each ETF. It’s clear that the crypto market is moving closer to becoming a bigger part of the traditional financial world. If these ETFs get approved, it could open the door for more investors to safely and easily invest in popular cryptocurrencies through regular stock market channels.