Investment analysts foresee a strong likelihood of approval for imminent cryptocurrency Exchange-Traded Funds (ETFs), given the increasing mounting delays from the Securities and Exchange Commission (SEC).
Razor-sharp Projections and SEC Delays for Crypto ETFs 📈 promised approvals for several crypto ETFs but late SEC decisions push final verdicts into 2025. Here's the scoop!
Analysts Share Their 2 Cents Bloomberg experts Eric Balchunas and James Seyffart have weighed in with their latest thoughts on the approval chances for various ETFs under SEC scrutiny.
Spot ETFs for popular choices like Litecoin and Solana boast the highest approval odds, with whopping 🍏 90% chances, thanks to the SEC's positive stance on those coins as commodities and their associations with regulated futures markets. Good news, they've already cleared the 19b-4 hurdle, with final dates ranging from July to October 2025.
Next up is Ripple (XRP), with a 🥃 85% chance of approval. The eventual verdict for XRP remains tied to how regulators categorize it, especially post the CFTC's April 21 statement that considers XRP a regulated asset for futures markets.
Dogecoin (DOGE) and Hedera (HBAR) each have a comfy 80% chance, and Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT) trail behind with 75%.
Balchunas commented on Twitter, "Can't wait to hear from Atkins, but all look good to go!"
SEC’s Tardy Timeline Despite promising chances for most filings, the SEC continues to stamp out delays across the crypto ETF landscape. In April, they postponed decisions on several applications, including:
- Franklin Templeton’s Solana and XRP ETFs, now facing final deadlines in October–November 2025.
- Grayscale’s Hedera ETF and Bitwise’s Dogecoin ETF, both now set for final rulings in October 2025.
- The SEC also tabled decisions on other applications, like Bitwise's Bitcoin and Ethereum ETFs, as well as Canary Capital's Hedera ETF, all rescheduled for June 2025.
Balchunas: Solana Staking and a Slow Start In other cryptocurrency news, Balchunas hinted that Canadian Solana ETFs might include staking, but a rocky kickoff could be on the cards.
Remember, this info is updated as of April 2025. Stay tuned for more insights on the crypto ETF scene! 🎯💰 💡
Extra Details
- Grayscale's Bitcoin Trust (GBTC) is also in the conversation, but not part of these updates.
- SEC Chair Paul Atkins' internal reviews play a role in expected final rulings by Q4 2025.
- The SEC operates under extended statutory windows (45–240 days) for examining market risks and investor protections.
- Analysts Eric Balchunas and James Seyffart have suggested that Spot ETFs for Litecoin and Solana have a 90% chance of approval due to their association with regulated futures markets.
- Ripple (XRP) has an 85% chance of being approved, pending how regulators categorize it, especially since the CFTC's April 21 statement considered XRP a regulated asset for futures markets.
- Dogecoin (DOGE) and Hedera (HBAR) each have an 80% chance of being approved, while Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT) trail with 75%.
- Balchunas has stated that he can't wait to hear from Atkins, but all crypto ETFs under SEC scrutiny seem promising to go.
- The SEC has delayed decisions on several applications, including Franklin Templeton’s Solana and XRP ETFs, Grayscale’s Hedera ETF, Bitwise’s Dogecoin ETF, Bitwise's Bitcoin and Ethereum ETFs, and Canary Capital's Hedera ETF.
- These delayed decisions have now been rescheduled for October–November 2025 for Solana and XRP ETFs, October 2025 for Grayscale’s Hedera ETF and Bitwise’s Dogecoin ETF, and June 2025 for Bitwise's Bitcoin and Ethereum ETFs, and Canary Capital’s Hedera ETF.
- In other cryptocurrency news, Balchunas suggested that Canadian Solana ETFs might include staking, but a rocky start could be possible.
- The SEC, operating under extended statutory windows of 45–240 days for examining market risks and investor protections, is responsible for the delays seen in the crypto ETF landscape.
- Despite favorable projections for most filings, the SEC continues to push final verdicts for crypto ETFs into 2025.
- By 2025, it's hoped that several crypto ETFs, such as those for Litecoin, Solana, Ripple (XRP), Dogecoin (DOGE), Hedera (HBAR), Avalanche (AVAX), Cardano (ADA), Polkadot (DOT), and potentially Ethereum, will join the finance world, continuing to revolutionize investing through crypto technology.
