The crypto ETF space is expected to see significant developments in 2025. The U.S. SEC plans to review more than 70 crypto ETF applications this year. This follows the approval of Bitcoin and Ethereum ETFs in 2024, which opened the door for altcoin ETFs.
Analysts predict that the SEC may approve spot ETFs for altcoins like Solana, XRP, and Dogecoin in the coming months, with decisions starting as early as July 2, 2025. Decisions for ETFs such as SOL, DOGE, XRP, and ADA are anticipated around October, with other ETF rulings to follow in November and December.
The SEC is set to make a decision on the Canary Funds’ Litecoin ETF by May 5. Unlike other crypto ETF filings, this one has not been delayed yet. Bloomberg ETF analyst James Seyffart believes that Litecoin may have a better chance of early approval than other assets, although he still believes a delay is more likely.
Analysts have noted that the approval of the Litecoin ETF could be the easiest since its S-1 and 19b-4 forms have already been filed and accepted. Additionally, the SEC likely views Litecoin as a commodity.
Other Litecoin ETFs currently under review are from Grayscale and CoinShares. The SEC has until October to make a decision on them. According to Bloomberg analysts, Litecoin has the highest chance of approval, with a 90% likelihood.
Bloomberg analysts believe there is a 75% or higher chance that the SEC will approve several spot altcoin ETFs before the end of 2025. Seyffart previously stated that more crypto ETFs will be proposed as issuers try to determine what works. However, those that fail to attract interest or investment will be liquidated.
The outlook for altcoin ETFs has changed since Paul Atkins became SEC Chair. He has stated that the crypto industry has been “stifled” and that the regulatory framework “badly needs attention.”
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