#CryptoRoundTableRemarks

Analysts: The "altcoin ETF summer" could arrive in July with SEC approvals.

Analysts claim that the U.S. SEC could approve cryptocurrency-linked ETFs next month, marking the start of an "altcoin ETF summer".

The U.S. Securities and Exchange Commission could begin approving some exchange-traded funds linked to cryptocurrencies as early as next month, according to analysts, signaling the beginning of an "altcoin ETF summer".

Bloomberg's senior ETF analyst, Eric Balchunas, posted on X on Tuesday a note from his fellow analyst James Seyffart stating: "ETFs tracking broad cryptocurrency indices could be approved by the SEC next month".

The note added that the SEC could also "act soon" regarding Solana and staking ETF applications, with Balchunas saying, "we should prepare for a potential altcoin ETF summer, with Solana likely leading the way".

Several fund issuers, including Grayscale and Bitwise, have submitted applications to the SEC to launch ETFs that track a set of cryptocurrencies, aiming to provide broad market exposure, which the SEC must decide on before July 2, and to which Bloomberg analysts have assigned a 90% chance of approval.

The SEC is also considering ETFs that track XRP, Sol, and some that offer exposure to staking, on which it does not have to decide until the end of this year.

Cryptocurrency basket ETFs will be "more interesting"

The president of 21Shares, Duncan Moir, told Cointelegraph at the Roadmap for Institutional Capital Inflow of Proof of Talk in Paris that the race to launch new exchange-traded products (ETPs) related to cryptocurrencies is intensifying, and as more asset managers join the contest, "basket products will be more interesting".