Catenaa, Tuesday, June 24, 2025-Spot exchange-traded funds (ETFs) for several leading altcoins including Solana, XRP and Dogecoin are now seen as near-certainties for US Securities and Exchange Commission (SEC) approval by the end of 2025, according to top Bloomberg ETF analysts.
The forecast signals a potential watershed moment in the expansion of crypto offerings on Wall Street.
Analysts Eric Balchunas and James Seyffart placed 95% odds on the approval of spot ETFs for Solana, XRP, and Litecoin, and 90% odds for Dogecoin, Cardano, Polkadot, Hedera and Avalanche.
They emphasized that the question of approval is no longer “if” but “when,” with decisions possibly arriving as early as next month.
Spot crypto ETFs allow investors to gain direct exposure to cryptocurrencies via regulated investment products.
Until now, only Bitcoin and Ethereum spot ETFs have been approved, attracting significant inflows. BlackRock’s iShares Bitcoin Trust alone has topped $70 billion in assets.
Applications for these altcoin ETFs have been filed by both crypto-native firms like Grayscale and financial giants such as Fidelity and Franklin Templeton. Notably, multiple issuers recently updated filings to include Solana staking, indicating further evolution in product design.
Market experts view political shifts as a key catalyst. President Donald Trump’s re-election and his pro-crypto stance are widely seen as supportive of broader ETF approvals. Meanwhile, CFTC futures approval for these assets further bolsters the SEC’s legal basis.
If given greenlight, the altcoin ETF wave would mark the most expansive mainstream crypto investment rollout yet.
