The SEC could approve multiple altcoin ETFs together in the second quarter of 2025
The SEC stated today that proof-of-work crypto assets are not subject to securities regulations. Based on this clarity and the commission's recent actions, analysts at BeInCrypto predict that the SEC will approve multiple altcoin ETFs together by the end of the second quarter of 2025.
Meanwhile, Caroline Crenshaw, an anti-crypto SEC Commissioner, made another public dissent statement today. She asserted that this decision is rife with loopholes, but it is doubtful that these objections can halt a dedicated pro-crypto agenda.
The SEC is laying the groundwork to approve more ETFs
In a press release today, the Commission decided that proof-of-work crypto assets are not considered securities under U.S. law. Like Bitcoin, the entire asset class should be considered commodities. The SEC's decision here could have enormous implications for altcoin ETFs:
"It is the [SEC]'s opinion that mining activities do not involve the offer and sale of securities [and] that participants in mining activities do not need to register transactions with the Commission under the Securities Act nor fall within one of the registration exemptions of the Securities Act," the SEC's statement asserted.
This regulatory clarity could change the odds of ETF approval for some proof-of-work (PoW) crypto assets. For example, Litecoin, which falls into this category, was already highly likely to receive approval. With this decision, more asset managers might be inclined to offer ETFs for other PoW coins, such as Monero or Kaspa.
