The possibilities of the U.S. Securities and Trade Fee approving spot cryptocurrency exchange-traded funds for Solana, Litecoin and XRP in 2025 have elevated to 95%, Bloomberg ETF analysts James Sayffart and Eric Balchunas say.
Seyffart and Balchunas shared the brand new forecasts in an up to date outlook posted on X on June 20,2025.
In addition to the excessive odds for a SEC approval for Solana (SOL), Litecoin (LTC) and XRP (XRP), different crypto ETF filings even have excessive possibilities of approval in 2025.
These embrace Dogecoin, Cardano, Avalanche, Hedera and Polkadot at 90% possibilities of approval in 2025.
Seyffart and Balchunas additionally assigned a 95% chance of approval inside the subsequent six months to crypto basket or index ETF filings by Grayscale, Hashdex, Bitwise, and Franklin Templeton. Notably, many of these purposes are approaching their closing SEC deadlines in early July.
SEC’s constructive engagement key
Seyffart notes that their determination to lift the percentages that the regulator offers a nod to most of the spot crypto ETF filings is right down to “engagement from the SEC.” The ETF analysts see developments as “a really constructive signal.”
The SEC has already acknowledged the 19b-4 kinds for these purposes and certain views the underlying altcoins as commodities, the analysts famous. Additionally they pointed to Commodity Futures Buying and selling Fee-regulated futures markets that exist already for a lot of of these belongings.
As for timing, analysts say approvals might arrive inside weeks or nearer to closing deadlines later this yr. Most purposes have their closing SEC determination dates in October and November.
“The timing of these approvals/launches is extra unsure,” Seyffart wrote on X. “Could possibly be one thing we’re speaking about within the subsequent month or two. Or it might be one thing that waits till October or later.”
Regardless of the uncertainty round timing, the ETF specialists imagine it’s a “matter of when, not if.”
