Bloomberg Analysts See Over 90% Chance of ETF Approval
Confidence is rapidly building that the U.S. Securities and Exchange Commission (SEC) is preparing to approve a broad set of cryptocurrency ETFs, according to prominent analysts. James Seyffart and Eric Balchunas report that approval odds for most pending applications are now above 90%, fueled by recent positive engagement between regulators and asset managers.
This represents a major shift in regulatory posture, especially given the SEC’s historically cautious stance on digital assets.
Altcoins May Be Classified as Commodities
Adding to the momentum, the analysts noted that the SEC appears to be reconsidering its classification of key altcoins such as Solana (SOL), XRP, Litecoin (LTC), and Dogecoin (DOGE).
These tokens are increasingly being viewed as commodities, a shift that would move them outside the SEC’s direct jurisdiction, potentially clearing the way for more ETF approvals in the altcoin space.
While official rulings are still pending, this reclassification trend could prove transformative for the broader crypto investment landscape.
Altcoin ETF Applications in Progress
Inspired by the success of Bitcoin ETFs, major institutions are actively pursuing altcoin-focused products. For instance, Franklin Templeton and others have submitted ETF proposals for Solana and XRP, signaling growing institutional interest beyond just Bitcoin.
The SEC has opened public comment periods on several of these applications — a procedural step that often signals progress toward approval.
This comes as Bitcoin ETFs, particularly BlackRock’s iShares Bitcoin Trust (IBIT), continue to make headlines. IBIT surpassed $70 billion in assets in just 341 days, making it one of the most successful ETF launches in history.
Ether ETFs Lag but Sector Outlook Remains Bullish
While Ethereum-based ETFs have not attracted the same level of adoption as Bitcoin products, analysts remain hopeful for broader crypto ETF diversification. Many investors are still awaiting clarity, but growing institutional involvement suggests a strong foundation for future demand.
Conclusion
The SEC appears increasingly likely to approve a wave of crypto ETFs, marking a historic shift in how digital assets are regulated and accessed in U.S. markets. If approvals arrive as expected, it could unlock billions in fresh capital, expand investor access, and solidify crypto’s place in traditional finance.
All eyes now turn to late 2025 and early 2026, when many of these decisions could come to fruition.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.