 
 
July appears promising for cryptocurrencies, with market participants expressing heightened bullish expectations for altcoins.
More particularly, market experts are anticipating the approval of multiple cryptocurrency ETFs, with altcoin-based ETFs making a significant part of their list.
Bloomberg analyst James Seyffart and Senior ETF analyst Eric Balchunas have laid out their expectations. Seyffrat took to X to share an updated outlook, revealing the odds of spot crypto ETF approvals by the end of 2025.
Both analysts are mirroring the sentiments of other market participants, convinced that multiple ETF approvals are underway. More specifically, both parties expect the U.S. Securities and Exchange Commission (SEC) to approve the existing filings.
“We expect a wave of new ETFs in the second half of 2025,” James Seyffart wrote.
 
For altcoins like Litecoin (LTC), Solana (SOL), and Ripple’s XRP, with ETF filings from leading firms like Grayscale, Coinshares, and Canary, both analysts have increased their odds for approval to 95%.
With almost as much optimism for the aforementioned, the analyst predicts a 90% chance for approval for ETFs centered around Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX).
Notably, Canary’s ETF filings, although promising, might have a harder chance of getting greenlighted by the SEC, according to both analysts. The Sui (SUI), Tron (TRX), and Pudgy Penguins (PENGU) ETFs filing have a 60%, 50% and 50% chance of gaining approval, both experts asserted.
Their assertions come as a handful of institutional players revisit their filings while others await their final approval date.
Notably, Tuttle Capital Management filed for an amendment to change the effective date of its crypto ETFs to July 16th. Meanwhile, the SEC recently approved the conversion of Grayscale’s Digital Large Cap Fund into an ETF holding BTC, ETH, XRP, SOL, and ADA. This development suggests that the firm’s values are in alignment with the regulator.
Source: https://zycrypto.com/xrp-sol-ltc-etf-explosion-coming-market-experts-predict-95-approval-odds-for-spot-etfs-this-year/