Solana, XRP, and Dogecoin ETFs Expected by 2025, Say Bloomberg Analysts
Analysts see high odds for SEC approval amid shifting politics and evolving product features
Catenaa — Tuesday, June 24, 2025 — Spot exchange-traded funds (ETFs) for leading altcoins such as Solana, XRP, and Dogecoin are increasingly likely to gain U.S. regulatory approval by the end of 2025, according to Bloomberg ETF analysts.
Eric Balchunas and James Seyffart, two of Bloomberg’s most closely followed ETF experts, now assign a 95% probability to the approval of spot ETFs for Solana, XRP, and Litecoin. They estimate a 90% chance for similar products tied to Dogecoin, Cardano, Polkadot, Hedera, and Avalanche. The analysts noted that the debate has shifted from “if” to “when,” with potential decisions expected as early as next month.
The approvals would represent a major step forward in broadening crypto access on Wall Street. While spot ETFs for Bitcoin and Ethereum are already attracting billions in investor inflows—BlackRock’s iShares Bitcoin Trust has surpassed $70 billion in assets—altcoin ETFs would mark a new phase of institutional adoption.
Applications have come from major players in both traditional finance and crypto, including Grayscale, Fidelity, and Franklin Templeton. Several recent filings include staking features for Solana, signaling continued innovation in ETF design.
Analysts say political developments are helping pave the way. The re-election of President Donald Trump, who has voiced strong support for crypto, is viewed as a favorable shift for regulatory approval. Additionally, existing CFTC-regulated futures markets for many of these altcoins strengthen the legal case for SEC approval.
If approved, these altcoin ETFs could reshape how investors access digital assets—marking the most significant expansion of crypto investment products in the U.S. to date.
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