- Bloomberg analysts now see a 90%+ chance of SEC approval for spot XRP, Dogecoin, Cardano, and other altcoin ETFs by year-end.
- SEC’s recent engagement, including requests for updated filings, signals a potential shift in regulatory tone under Chairman Paul Atkins.
- Approval would expand crypto ETFs beyond Bitcoin and Ethereum, opening new channels for institutional investment.
Bloomberg analysts now believe there’s a 90% or greater chance that the U.S. Securities and Exchange Commission (SEC) will approve several spot altcoin exchange-traded funds (ETFs) before the end of 2025. This major revision in outlook comes as the SEC increases its engagement with fund issuers, signaling a potentially more receptive regulatory stance under new Chairman Paul Atkins.
James Seyffart and Eric Balchunas, two respected ETF analysts at Bloomberg, recently upped their approval odds after the SEC requested updates to S-1 filings for spot Solana ETFs—a move they interpret as a green light in progress. The analysts previously viewed altcoin ETF approvals as less certain but now see XRP, Dogecoin, Cardano, Litecoin, Solana, Polkadot, and Avalanche ETFs as highly likely to be greenlit within the year.
This would mark a dramatic expansion of crypto ETF offerings beyond the currently approved Bitcoin and Ethereum products. Spot ETFs allow investors to gain exposure to crypto prices without directly owning tokens, a feature that has already drawn tens of billions in investment.
The more crypto-friendly tone set by Atkins is reshaping expectations across the financial sector, fueling optimism that the SEC may soon open the doors to broader digital asset access.
