Altcoin ETF Approvals: 90% Chance of Success?
Altcoin ETF Approvals Nearing?
Prominent Bloomberg analysts, James Seyffart and Eric Balchunas, predict a 90-95% chance of SEC approval for eight altcoin exchange-traded funds (ETFs). This follows the recent approval of several Bitcoin ETFs and reflects a shift in the SEC's approach to crypto regulation.
The potential altcoin ETFs include:
- Litecoin (LTC)
- Solana (SOL)
- XRP
- Dogecoin (DOGE)
- Cardano (ADA)
- Polkadot (DOT)
- Hedera Hashgraph (HBAR)
- Avalanche (AVAX)
A basket ETF also shows strong potential, while Sui (SUI) has a slightly lower 60% estimated probability of approval.
Increased Optimism Despite Past Delays
While the SEC has historically delayed altcoin ETF applications, the analysts' optimism stems from the current SEC's engagement with these proposals. Unlike the previous administration's reluctance, the current commission acknowledges filings promptly, indicating a more proactive approach.
Seyffart projects final approval between July and October 2025. This positive outlook is echoed by community sentiment, with belief in successful XRP ETF approval recently reaching 98%, despite an SEC delay.
Market Dominance and Future Outlook
While the approval of these altcoin ETFs is positive news, Bitcoin ETFs currently hold a dominant 90% market share (as of June 2025). Even with widespread altcoin ETF approval, Bitcoin's market dominance might persist.
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Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial professional before making any investment decisions.