Cryptocurrency News: ALTCOIN ETF WAVE INBUNDER

Crypto ETF issuers may not have to wait much longer to expand beyond Spot Bitcoin and Ether Funds.

Bloomberg ETF analysts Eric Balchunas and James Seyffart now see a 75% or greater chance that the US Securities and Exchange Commission (SEC) approves a number of spot altcoin ETFs by the end of 2025.

Eight separate spot fund proposals are currently ahead of SEC, including ETFs tied to Solana (SOL), Litecoin (LTC), Dogecoin (DOGE), XRP, Cardano (ADA), Avalanche (Avax), Polkadot (DOT) and Hedera (Har). Balchunas and Seyffart believe index and ETFs in basket-style-which group several Cryptocurrencies-have the highest odds of approval, having linked these chances of 90%.

The first central deadline comes on July 2, where SEC will respond to proposals submitted by companies, including GRAYSCALE, BITWISE, Franklin Templeton and Hashdex for funds for basketball style. Decisions about ETFs with a single assets such as Sun, Doge, XRP and ADA are expected in October, when others will follow in November and December. These are the final deadlines, which means that SEC – as previously delayed decisions – will be required to make a final decision.

Some issuers have submitted the intention of launching funds that track minor-cap-tokens such as Sui, Trump Coin (Trump) and Melania Coin (Melania), but these have not yet been continued to the formal 19B-4-phase requirement that archives to trigger a SEC review.

Seyffart noted that SUIS chances could be on par with the other altcoin archives. “I have to dive a little more for an official odds number, but I assume it would have similar prospects for the other Altcoin ETFs,” he said.

The prospects of Altcoin ETFs changed vigorously after US President Donald Trump joined, and his appointment of cryptic Paul Atkins as SEC chairman. Atkins recently told industrialists that innovation “has been strangled” and the existing legislative framework “need attention.”

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