Bloomberg analysts now see a 95% chance of approval for Solana, XRP, and Litecoin spot ETFs this year.
A crypto index ETF could get SEC approval this week marking a shift in access to multiple digital assets.
Over 70 crypto ETFs are awaiting review with Solana and XRP leading in the number of applications filed.
Bloomberg ETF analysts Eric Balchunas and James Seyffart have raised the approval odds for key altcoin ETFs to 95%. They now expect spot exchange-traded funds for Solana, XRP, and Litecoin to gain regulatory approval from the US Securities and Exchange Commission. This is up from their earlier projection of 90%.
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They also assigned 95% odds for the approval of a crypto index ETF. This product would track a basket of digital assets and could be approved within days.
Broader ETF Wave Anticipated
Although the SEC has until October to decide on the Solana, XRP, and Litecoin ETFs, a decision on the index product may come sooner. Approval would open broader access to altcoins for institutional investors.
Analysts expect more altcoins to follow. Spot ETFs for Dogecoin, Cardano, Hedera, Avalanche, and Polkadot each carry a 90% chance of approval. Decisions for these products are likely by the end of 2025.
Meanwhile, Sui and Tron ETFs face lower odds. Bloomberg placed Sui’s chances at 60% and Tron’s at 50%. These funds, filed by Canary Capital, face higher regulatory uncertainty.
Solana Staking ETF Set to Launch
This week, the REX Osprey Solana Staking ETF will officially launch. It will be the first US-listed fund to include crypto staking. Regulators had raised concerns about the fund’s structure, prompting changes.
To meet SEC requirements, the ETF agreed to invest at least 40% of its assets in other ETFs. Most of those are based overseas. This adjustment resolved concerns over the fund's investment company classification. The launch marks a shift in the SEC’s approach to staking products, although the scope remains limited.
Delays in Ethereum and Bitcoin Trust Decisions
The SEC continues to delay decisions on Ethereum-based products. On Monday, it postponed its ruling on Bitwise’s spot Ether ETF that includes staking. It also delayed a decision on the Osprey Bitcoin Trust’s listing plan.
These delays suggest that staking-related ETFs still face regulatory hurdles, even as altcoin products gain ground.
Rising ETF Demand Reflects Growing Interest
Currently, over 70 cryptocurrency ETFs await SEC review. These include popular assets like XRP and Solana. Ten firms have applied for XRP ETFs, while six seek Solana approval.
Last week, crypto investment products recorded $2.7 billion in inflows. Bitcoin led with $2.2 billion, followed by Ethereum with $429 million. Solana drew $91 million, signaling steady but cautious investor confidence.
