The crypto ETF race is heating up, with Bloomberg analysts predicting a 95% chance for Solana, XRP, and Litecoin spot ETFs to get SEC approval this year.
In an X post on Monday, ETF experts Eric Balchunas and James Seyffart raised their odds from 90% to 95%, signaling growing confidence in a major altcoin ETF wave. They also gave the same high odds for a crypto basket ETF, which could be approved as early as this week.
Seyffart said, “We expect a wave of new ETFs in the second half of 2025,” suggesting strong momentum in the crypto ETF space.
The final decision deadline for Solana, XRP, and Litecoin ETFs is in October, while ETFs for Dogecoin, Cardano, Polkadot, Hedera, and Avalanche each with a 90% chance are expected to be decided in Q4. However, odds are lower for Sui (60%) and Tron (50%) ETFs filed by Canary Capital.
Meanwhile, the first-ever Solana Staking ETF, REX Osprey, is launching on Wednesday. After facing SEC hurdles over its structure, the fund will now invest at least 40% in other crypto ETPs, mostly based outside the U.S., to meet regulatory requirements.
Although this is a step in the right direction, the SEC is yet to speed up on Ethereum staking. It has just postponed its ruling on the Bitwise Ether ETF staking application, as well as the approval of Osprey Bitcoin Trust.
As new products are released and the approval odds are high, 2025 is becoming the year of the altcoin ETF.
