The path to spot ETFs for major altcoins is looking clearer than ever, according to Bloomberg Intelligence.
Analysts James Seyffart and Eric Balchunas have raised the odds of approval for XRP, Solana (SOL), and Litecoin (LTC) ETFs to 95%, expecting a wave of green lights before the end of 2025.
In a post on June 30, Seyffart said the analysts now view multiple altcoin ETFs — including single-asset funds and multi-asset products — as highly likely to pass SEC review, with Rule 19b-4 filings already acknowledged and decision deadlines approaching. Notably, a potential approval of Grayscale’s Digital Large Cap Fund (GDLC) on July 2 could pave the way for broader acceptance, acting as a trial run for products holding minor altcoin exposure.
Following closely behind in the odds matrix are Dogecoin, Cardano, Polkadot, Hedera, and Avalanche at 90%. Sui sits at 60%, while approval chances for Tron and Pengu remain at 50% due to regulatory uncertainties.
Three key trends are fueling optimism: SEC engagement with issuers has intensified, major tokens are being treated as commodities, and recent ETF amendments reflect a process similar to what preceded earlier Bitcoin and Ethereum ETF approvals. If GDLC gets the green light this week, attention will turn sharply to single-token ETFs, with final decisions on Solana, XRP, and others scheduled from October through early 2026.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bloomberg-sees-green-light-ahead-for-major-altcoin-etfs/