The approval of Bitcoin and Ethereum spot exchange-traded funds (ETFs) marked a significant turning point for the cryptocurrency industry, inspiring many altcoins to pursue similar products. Several altcoins like XRP, Solana (SOL), and Litecoin (LTC) have submitted applications for these ETFs, with Bloomberg predicting approval rates as high as 90% for Solana and Litecoin in early 2025. Bloomberg’s analyst Eric Balchunas highlights the strong likelihood of approval for SOL, XRP, and LTC, while Dogecoin (DOGE), Hedera (HBAR), Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) are expected to face more challenges in securing approval. Notably, while the chance of approval for Litecoin remains at 90% as per February’s analysis, Ripple’s XRP has experienced a surge in approval probability, rising from 65% to 85%. Balchunas notes that deadlines remain subject to change but suggests a strong possibility of approvals within Q4 2025. **It is important to remember that this information does not constitute investment advice.**