SOL, XRP, and DOGE Spot ETFs Likely to Gain SEC Approval Soon
Crypto investors may soon witness a significant expansion in exchange-traded fund (ETF) offerings beyond Bitcoin and Ethereum. Analysts predict the U.S. Securities and Exchange Commission (SEC) could approve spot altcoin ETFs as early as July 2, 2025, marking a pivotal moment for the cryptocurrency market.
Key Altcoin ETF Proposals Under Review
Eight spot ETF proposals are currently under SEC scrutiny, targeting cryptocurrencies like:
- Solana (SOL)
- XRP
- Dogecoin (DOGE)
- Cardano (ADA)
- Avalanche (AVAX)
- Polkadot (DOT)
- Hedera (HBAR)
- Litecoin (LTC)
Bloomberg ETF analysts Eric Balchunas and James Seyffart estimate a 75%+ chance of approval by end-2025, with 90% odds for basket-style ETFs (funds tracking multiple assets).
Critical Upcoming Deadlines
- July 2, 2025: SEC must rule on basket-style ETF proposals from Grayscale, Bitwise, Franklin Templeton, and Hashdex.
- October–December 2025: Decisions expected for single-asset ETFs (e.g., SOL, XRP).
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Regulatory Shift Under New Leadership
The approval landscape brightened after U.S. regulatory appointments under the Trump administration, including SEC Chairman Paul Atkins, who emphasized the need for innovation-friendly policies. Atkins publicly criticized the current framework for "stifling progress."
Emerging Tokens in the ETF Race
Smaller-cap tokens like SUI, Trump Coin (TRUMP), and Melania Coin (MELANIA) have tentative interest but lack formal filings. Seyffart notes SUI’s prospects may align with other altcoins pending deeper analysis.
FAQ: Altcoin ETFs Explained
Q1: What’s the advantage of basket-style ETFs?
A: They diversify risk by bundling multiple assets, appealing to investors seeking broad crypto exposure.
Q2: Why are single-asset ETFs like SOL or DOGE significant?
A: They offer targeted exposure to high-performance altcoins, potentially driving liquidity and mainstream adoption.
Q3: How does SEC approval impact crypto prices?
A: Historic ETF approvals (e.g., Bitcoin) triggered price surges due to institutional demand and legitimacy.
Q4: Are meme coins like DOGE viable ETF candidates?
A: Yes, if they meet liquidity and market-cap thresholds, though volatility remains a concern.
Q5: What’s the timeline for ETF trading post-approval?
A: Funds typically launch within weeks after SEC greenlighting, pending issuer preparations.
Q6: How can investors prepare for altcoin ETFs?
A: Research underlying assets, monitor SEC announcements, and consider diversification strategies.
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Disclaimer: This content is for informational purposes only. Cryptocurrency investments carry risks; conduct independent research before deciding.