The U.S. Securities and Exchange Commission should be ready to approve several Crypto ETFs as early as next month, forecasters expect. Senior Bloomberg ETF analyst Eric Balchunas and his colleague James Seyffart offered comments indicating big announcements may be around the corner.
The SEC might approve ETFs specializing in a variety of Crypto assets in early July, as per the report. The approvals can be a major milestone for digital assets as well as traditional financial markets.
Solana-based ETFs and funds with exposure to Ether staking might be among the first in line to receive approval. The experts say Solana, valued at approximately $165.99 currently, may lead the charge in terms of wider acceptance for altcoin-based products. Seyffart stated that a number of leading fund managers, such as Bitwise and Grayscale, have filed proposals.
These filings intend to create index-based ETFs packaging up cryptocurrencies into a diversified financial product. The SEC will make decisions regarding some of these applications by July 2, with Bloomberg providing a high 90% probability of approval.
SEC reviews XRP and Altcoin ETF proposals
Fund managers like 21Shares Head Duncan Moir recognize the increased potential for crypto basket products in the American financial system. Moir reasoned that by investing in a basket of cryptocurrencies, one incurs less risk while reaching a wider exposure. With institutional demand growing, multifaceted ETFs may attract additional participants who desire efficient points of market access.
Aside from Solana and Ether, the SEC also is considering potential offerings associated with XRP, which currently trades at around $2.29. But any approval for those other offerings may come later this year. The SEC already has requested Solana ETF issuers resubmit and update their filings, Blockworks reported. The action indicates continued dialogue regarding how staking and altcoin exposure may be structured within the boundaries of regulation.
Nate Geraci, president of ETF Store, stated the SEC appeared to be nearing a major policy shift. Brokerages may begin offering direct spot Crypto trading if Crypto ETFs get the go-ahead. Actively managed memecoin ETFs may also come out as early as 2026, with some experts predicting a rise in wider Crypto investment vehicles.
