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Cryptocurrency ETFs Following Solana: Ripple, Cardano, Avalanche Up Next for Potential Listing

Investigating the dynamic terrain of Solana altcoins and their Exchange-Traded Fund (ETF) status, identifying the crucial aspects setting them apart as ETFs.

Digital Currencies follows Solana: XRP, Cardano, Avalanche potentially next for ETF approval
Digital Currencies follows Solana: XRP, Cardano, Avalanche potentially next for ETF approval

Cryptocurrency ETFs Following Solana: Ripple, Cardano, Avalanche Up Next for Potential Listing

In a significant development for the cryptocurrency market, Solana has become the first altcoin beyond Bitcoin and Ethereum to meet the conversation threshold for potential ETF approval. According to Bloomberg Intelligence, the odds of a Solana ETF approval by the end of 2025 are above 90%. This milestone could open the door for other altcoins to follow suit.

Among the contenders, XRP, Cardano (ADA), and Avalanche (AVAX) are seen as the most likely to secure ETF approval.

XRP: A Front-Runner for Approval

Bloomberg analysts predict about a 95% chance of ETF approval for XRP by the end of 2025. XRP benefits from legal clarity after a 2023 court ruling that it is not a security when traded on secondary markets, along with strong liquidity and institutional support. RippleNet, the company behind XRP, processes over $15 billion in remittance volume annually across regions like Asia and Latin America, further bolstering its case.

Cardano (ADA): Steady Progress Towards Approval

Cardano (ADA) is forecasted to have about a 90% chance of ETF approval by the end of 2025. While Cardano is known for its decentralization and academic rigor, which appeal to long-term investors, progress toward an ADA ETF is steady and viewed as inevitable. Regulatory approvals for Cardano ETFs are expected potentially by late summer or early fall of 2025, with formal SEC review deadlines extending into late 2025/early 2026.

Avalanche (AVAX): Enterprise Appeal Boosts Prospects

AVAX also holds approximately a 90% probability of ETF approval by the end of 2025, supported by its enterprise-focused architecture and growing DApp ecosystem. Like Cardano, AVAX ETFs are in formal SEC review stages with approval decisions anticipated in the near term. As of July 2025, Avalanche supports over 120 subnets and has partnered with firms like Amazon Web Services and JPMorgan on blockchain pilots.

The success of Solana's spot ETF has lowered regulatory barriers and set a precedent, signaling broader acceptance for altcoins beyond Bitcoin and Ethereum to enter the ETF market. This increasing regulatory clarity and institutional interest boost the prospects for these altcoins to receive spot ETF approval within the next few months, likely accelerating by the end of 2025.

In summary, XRP, Cardano (ADA), and Avalanche (AVAX) are the leading altcoins poised for ETF approval. The success of Solana's ETF could recalibrate the SEC's benchmarks for altcoin ETF approvals, particularly if it includes staking, on-chain rewards, or DeFi interactions.

| Altcoin | ETF Approval Probability (2025) | Estimated Timeline | Key Factors | |---------------|---------------------------------|--------------------------------------------|----------------------------------------------| | XRP | ~95% | By end of 2025 | Legal clarity, liquidity, institutional support | | Cardano (ADA) | ~90% | Possibly late summer to early fall 2025, formal review through early 2026 | Decentralization appeal, steady progress | | Avalanche (AVAX) | ~90% | By end of 2025 | Enterprise use cases, DApp ecosystem growth |

These figures reflect Bloomberg analysts and expert market commentary as of July 2025 and may be further confirmed once the SEC finalizes reviews on pending ETF filings.

  1. The success of Solana's ETF has set a precedent, signaling broader acceptance for altcoins like XRP, Cardano (ADA), and Avalanche (AVAX) to enter the ETF market.
  2. Bloomberg analysts predict about a 95% chance of ETF approval for XRP by the end of 2025, supported by legal clarity, strong liquidity, and institutional support.
  3. Cardano (ADA) is forecasted to have about a 90% chance of ETF approval by the end of 2025, bolstered by its decentralization, academic rigor, and steady progress towards an ADA ETF.
  4. AVAX also holds approximately a 90% probability of ETF approval by the end of 2025, backed by its enterprise-focused architecture, growing DApp ecosystem, and partnerships with firms like Amazon Web Services and JPMorgan.
  5. Regulatory clarity and institutional interest boost the prospects for these altcoins to receive spot ETF approval within the next few months, with the success of Solana's ETF potentially recalibrating the SEC's benchmarks for altcoin ETF approvals.

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