The next stage in the crypto ETF era

According to Bloomberg Intelligence, the odds of approval by October for a range of asset-specific crypto ETFs, including Solana, XRP, Litecoin, Dogecoin and Cardano, now stand at 90% or higher. That’s a sharp rise, fueled by a noticeable shift in the SEC’s posture toward engaged collaboration.Unlike past standoffs, regulators are now actively working with issuers. They're requesting updates on mechanics like in-kind redemptions and staking, signaling not just openness, but readiness to shape these products.The result? This next ETF cohort could break new ground, especially if staking rewards become part of the fund design. That would mark a first: traditional ETFs delivering native crypto yield.There’s also greater awareness of structural risks. Bitcoin and Ethereum ETFs faced turbulence from the “Grayscale effect,” with trust conversions previously triggering sell pressure. This time, setups like Solana’s, which hold minimal trust supply and trade cleanly, could offer a smoother launch path than Litecoin, where deeper trust exposure still looms.ETF approvals don’t just bring access — they unlock participation. They validate assets in the eyes of traditional capital, invite inflows through regulated channels, and reshape the narrative around what’s investable.And while each ETF targets a single asset, its cumulative effect could be sector-wide. As access broadens, liquidity deepens, and exposure scales, the uplift rarely stops with just the headline ticker.This momentum isn’t limited to the U.S., either. South Korea is preparing to launch spot crypto ETFs in 2025, reversing prior bans and signaling a global pivot in policy and infrastructure.