The U.S. Securities and Exchange Commission (SEC) is progressing toward the approval of spot exchange-traded funds (ETFs) for several major altcoins, including Solana (SOL), XRP, and Dogecoin (DOGE), potentially by the end of 2025. Bitwise Asset Management's Chief Investment Officer Matt Hougan has expressed optimism about the SEC's evolving stance following the successful launches of Bitcoin (BTC) and Ethereum (ETH) ETFs. The SEC has requested asset managers to revise their filings for Solana ETFs to address fund features such as crypto redemptions and staking mechanisms, which may also impact Ethereum ETFs. Bloomberg reports that the SEC is actively engaging with issuers on these spot ETF proposals, signaling a shift toward broader institutional adoption of altcoin ETFs. Market analysts anticipate that Solana ETFs could receive approval within weeks, possibly triggering an 'Altcoin Summer' starting in July 2025. Despite XRPโs price declining by 30% year-to-date, optimism remains due to regulatory developments and ETF prospects. Bloomberg has also released updated approval odds for spot digital asset ETFs in 2025, emphasizing the importance of upcoming SEC decisions in shaping institutional access to cryptocurrency markets.
BLOOMBERG DROPS 2025 APPROVAL ODDS FOR SPOT DIGITAL ASSET ETFS Bloomberg has released its updated odds for spot digital asset ETF approvals in 2025. The report outlines expectations for key SEC decisions that could shape institutional access to crypto markets in the coming https://t.co/oI24utJYcN https://t.co/s2VjbwX25A
๐ฅ NEW: Bloomberg outlines upcoming spot ETF decisions for digital assets and assigns their estimated approval odds for 2025. https://t.co/2tG8NdWSDM
๐ฅ JUST IN: Upcoming digital asset spot ETF decisions and their 2025 approval odds, per Bloomberg. https://t.co/3K5iwLXDUS