Following the Bitcoin ETF approval, the door has now been opened wide for altcoins. Spot ETF approvals for Ethereum and Solana have further raised investor expectations, bringing the number of altcoins on the SEC's radar to 20. The latest move comes from Canary Capital: Injective (INJ)'s spot ETF application has further fueled market excitement.
🧠 What's Behind the Altcoin ETF Wave?
Following Bitcoin's spot #etf approval, Ethereum and Solana also received the green light from the SEC, demonstrating the rapid expansion of institutional adoption of cryptocurrencies. Now, altcoins are next. The number of applications filed with the SEC is currently at a staggering 20. This number suggests that the altcoin market is on the verge of a brand new era.
📜 List of 20 Altcoins with ETF Applications
The projects currently in the SEC's waiting room are as follows:
Major Altcoins Other ETF Candidates
XRP (XRP) Official Trump (TRUMP)
Hedera (HBAR) Melania (MELANIA)
Avalanche (AVAX) Injective (INJ)
Chainlink (LINK) Sui (SUI)
Bitcoin Cash (BCH) Aptos (APT)
Uniswap (UNI) Near (NEAR)
Pudgy Penguins (PENGU) Tron (TRX)
Litecoin (LTC) Cronos (CRO)
The vast majority of applications for these altcoins are still pending. However, the SEC is legally required to make a decision on these applications by the end of the year.
🏛️ The SEC's Previous Steps and New Strategy
The SEC's approval of Rex-Osprey's spot ETF application for Solana last week was a significant milestone. Furthermore, the granting of spot ETF conversion permission to Grayscale's hybrid fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, demonstrated the agency's broader perspective on crypto ETFs.
However, a noteworthy point is that while the Grayscale ETF is ready to launch, it has not yet begun trading. This strategic delay by the SEC may reflect its balancing policy regarding crypto regulations.
🔍 5 Altcoins with the Highest Chance of Approval: Analysts' Favorites
According to Bloomberg ETF analysts, the altcoins with the highest probability of approval by the end of 2025 are:
#XRP (Ripple): Stands out with its partial victory in the Ripple case against the SEC and its market liquidity.
DOGE (Dogecoin): A serious ETF candidate thanks to its Elon Musk influence and community support.
#ADA (Cardano): On the list due to its advanced technology infrastructure and institutional interest.
HBAR (Hedera): Stands out with its institutional partnerships.
AVAX (Avalanche): Stands out with its fast transaction processing power and DeFi support.
🚀 What Does ETF Approval Mean?
Accepting an altcoin as a spot ETF provides the following benefits:
Institutional Investment Inflow: ETF approval facilitates access to these assets for traditional mutual funds and pension portfolios.
Liquidity Explosion: Increased trading volume reduces price volatility and accelerates growth.
Legitimacy: SEC approval reduces regulatory risks and increases confidence.
📅 What Could Happen by the End of the Year?
The SEC has numerous ETF applications to decide on this year. As seen in the examples of Ethereum and Solana, the approval of altcoin ETFs could trigger a new bull run in the markets. For projects with large communities like XRP, DOGE, and ADA, news of ETF approvals can instantly impact prices.
🧨 Final Word: This Could Be the Beginning of an Altcoin Revolution!
We are in one of the most critical periods in crypto history. The ETF approval process, which began with Bitcoin, is now poised to shake up the altcoin universe. The SEC's decisions will shape not only prices but also the integration of cryptocurrencies into the global financial system.
👉 Be prepared for the ETF storm. The next approval news could rocket your portfolio!