Altcoin ETFs: Why XRP, Solana and DOGE May Be Next on the SEC’s Approval List

A new analysis from prominent crypto analyst Dan Gambardello lays out a bullish case for the imminent approval of multiple altcoin spot ETFs, a move he predicts will trigger a massive market-wide surge.

In his latest video, the analyst highlighted several key technical and macro indicators as the reason behind his expectations suggesting that top altcoins like XRP, Solana (SOL), and Dogecoin (DOGE) are next in line for ETF products.

The analyst showed how the total altcoins market cap trended sideways over the past months, revealing the dominant investors’ attitude, which reflects an ongoing accumulation of altcoins amid consolidating prices.

According to the analyst, the spot ETF approvals of identified altcoins are imminent despite a recent drop in odds. He predicts a surge in those odds and possible ETF approvals for some altcoins by the SEC as soon as July 2, 2025. In the meantime, the analyst spotted XRP, Solana (SOL), Dogecoin (DOGE) as the altcoins ready for the SEC to approve their ETFs in the coming months.

He included Cardano (ADA), another top altcoin whose chance of ETF approval dropped recently. The analyst showed how the odds of an ADA ETF approval dropped from around 70% to 41%, while the odds of approving an XRP ETF tumbled from almost 100% to 87%.

The analyst believes that the odds of ADA and XRP ETF approvals will bounce, and users will see them return to higher levels soon. He based his odds resurgence prediction on emerging macro indicators, including the SEC approving SOL, XRP, and ADA in a basket fund.

The core of the analyst’s thesis rests on the argument that recent regulatory approvals have implicitly classified top altcoins like SOL, XRP, and ADA as commodities. This classification, he argues, removes a major barrier bringing them closer to spot ETF approvals.

He believes that multiple ETF approvals by the SEC and the launch of many spot ETFs by asset managers who have already submitted their applications would trigger an altcoin season and lead to massive rallies in the crypto market.