- Solana leads the altcoin ETF race with 91% approval odds and strong institutional support.
- XRP ETF faces 87% approval chance but legal risks linger.
- Dogecoin ETF decision due in June, with approval odds between 69–80%.
As June advances, anticipation grows across the cryptocurrency market over possible exchange-traded fund approvals for Solana, XRP, and Dogecoin. The United States Securities and Exchange Commission is expected to issue decisions on several ETF filings in the coming weeks. These rulings may set the direction for future altcoin-based financial products and their acceptance within traditional investment channels.
Solana Leads ETF Race with Strong Institutional Backing
Solana appears to be at the forefront among altcoin ETF hopefuls. A number of major institutions, including VanEck, Bitwise, Fidelity, and Grayscale, have submitted ETF proposals centered on SOL. The SEC recently requested these issuers to file their S-1 statements, which signals progress in the review process.
Analysts tracking these developments consider this a positive step, particularly due to the acknowledged 19b-4 form, which bolsters the coin’s position.
Data from Polymarket also supports this outlook, with Solana holding a 91% approval probability. Bloomberg’s James Seyffart also noted the high likelihood of approval based on the coin’s commodity classification and the presence of FTC-regulated futures. This positioning gives Solana a distinct edge as the SEC approaches the June deadlines.
XRP ETF Decision Faces Delay Concerns
XRP is also under close observation, with two ETF filings in the pipeline. Franklin Templeton’s XRP ETF decision is due by June 17, while ProShares is awaiting a ruling on its XRP product by June 25. The Polymarket prediction market assigns an 87% chance to XRP’s approval, despite the earlier figure touching 98.2%.
However, legal complexities continue to cast uncertainty over Ripple’s prospects. The ongoing SEC lawsuit against Ripple Labs remains a significant factor, potentially slowing down progress. Yet investor interest in an XRP ETF has not diminished. The asset’s inclusion in filings by leading firms reflects sustained institutional appetite.
Dogecoin ETF Decision Expected by End of June
Dogecoin rounds out the list of altcoins waiting for ETF decisions. Grayscale has submitted a proposal to launch a Dogecoin-based ETF, and a final ruling is anticipated by June. Approval odds for Dogecoin hover around 69 to 80%, depending on the analysis source.
According to Bloomberg, Dogecoin’s chance of approval matches that of Hedera’s HBAR ETF. Both assets share similar market conditions and are backed by proposals from respected firms. Still, the SEC’s ongoing pattern of delaying decisions adds a layer of unpredictability to the process.
As the agency continues to review a high volume of filings, it has already delayed rulings on ETFs for Polkadot and HBAR. These delays suggest that more altcoin decisions could be pushed back beyond their anticipated deadlines. Consequently, while Solana remains in the lead, the SEC’s pace will determine how soon any ETF reaches the market.
