Crypto ETF providers may not have to wait longer to expand beyond the Bitcoin and Ether fund area.
Bloomberg ETF analysts Eric Balchunas and James Seyffart are now seeing a 75% or greater chance that the US Securities and Exchange Commission (SEC) has approved a set of areas Altcoin ETF at the end of 2025.
Eight separate funding proposals are currently in front 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 believe that index and basket-style ETF-which group has many cryptocurrencies-has the highest odds of approval, peg of those opportunities at 90%.
The first major deadline arrived on July 2, if the SEC should respond to proposals filed by companies including Grayscale, Bitwise, Franklin Templeton, and Hashdex for basked-style funds. Single-asset ETF decisions such as Sol, Doge, XRP, and ADA are expected in October, along with others following November and December. These are the final deadlines, which means the SEC – previously delayed decisions – are required to issue a final decision.
Some issues have submitted the intent to launch tracking funds to smaller tokens caps such as Sui, Trump Coin (Trump), and Melania Coin (Melania), but they have not yet advanced to the formal 19B-4-a required filing to trigger a review on Sec.
Seyffart noted that Sui’s opportunities may be in conjunction with other altcoin filings. “I have to dive a little more for an official odds of odds, but I assume it will have similar prospects with other ETFs of Altcoin,” he said.
The perspective for Altcoin’s ETFs moved strongly after US president Donald Trump, and his crypto friendly appointment Paul Atkins as Chairman of the Sec. Atkins recently told industry participants that the change “has been -stifled” and the existing regulatory framework is “poorly in need.”
