SOL, XRP and DOGE Spot ETFs Likely to Be Approved by SEC in Coming Months, Analysts Say

Crypto ETF issuers whitethorn not person to hold overmuch longer to grow beyond spot bitcoin and ether funds.

Bloomberg ETF analysts Eric Balchunas and James Seyffart present spot a 75% oregon greater accidental the U.S. Securities and Exchange Commission (SEC) approves a scope of spot altcoin ETFs by the extremity of 2025.

Eight abstracted spot money proposals are presently successful beforehand of the SEC, including ETFs tied to solana (SOL), litecoin (LTC), dogecoin (DOGE), XRP, cardano (ADA), avalanche (AVAX), polkadot (DOT), and hedera (HBAR). Balchunas and Seyffart judge scale and basket-style ETFs — which radical aggregate cryptocurrencies — person the highest likelihood of approval, pegging those chances astatine 90%.

The archetypal cardinal deadline comes connected July 2, erstwhile the SEC indispensable respond to proposals filed by firms including Grayscale, Bitwise, Franklin Templeton, and Hashdex for basked-style funds. Decisions connected single-asset ETFs similar SOL, DOGE, XRP, and ADA are expected successful October, with others pursuing successful November and December. These are last deadlines, meaning the SEC — which antecedently delayed decisions — volition beryllium required to contented a last rulings.

Some issuers person submitted intent to motorboat funds tracking smaller-cap tokens specified arsenic SUI, Trump Coin (TRUMP), and Melania Coin (MELANIA), but these person not yet precocious to the ceremonial 19b-4 signifier — a request filing to trigger an SEC review.

Seyffart noted that SUI’s chances could beryllium connected par with the different altcoin filings. “I request to dive successful a spot much for an authoritative likelihood number, but I’d presume it would person akin prospects to the different altcoin ETFs,” helium said.

The outlook for altcoin ETFs shifted sharply aft U.S. President Donald Trump took office, and his assignment of crypto affable Paul Atkins arsenic SEC chairman. Atkins precocious told manufacture participants that innovation “has been stifled” and the existing regulatory model “badly needs attention.”