XRP and Solana are competing for approval of their own spot exchange-traded funds (ETFs), each presenting strong cases to lead the race. Following significant ETF developments, including the SEC's recent approval of spot Bitcoin ETFs, Polymarket bettors currently favor XRP with an 85% approval chance in 2025 compared to Solana's 80%. Yet, for a nearer ETF decision by July 31, Solana holds $207,980 in bets with a 36% probability, while XRP has $102,069 at 40%. Solana's network activity and recent applications set an October deadline for a decision, contrasting XRP's ongoing legal entanglements. Regulatory challenges remain for both; XRP benefits from a partial legal victory against the SEC, but its association with Ripple raises concerns about centralization. Conversely, Solana faces scrutiny as the SEC classifies it as a security, complicating its path to ETF approval. Interestingly, Litecoin, launched in 2011, is also seen as a potential frontrunner for an ETF before both XRP and Solana due to its longer presence in the crypto market.

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