Crypto ETFs Heating Up: Multi-Asset Approval Wave Could Start July 2
Bloomberg ETF analysts now estimate a 95% probability of SEC approval for exchange-traded funds (ETFs) for Solana (SOL), Ripple (XRP), and Litecoin (LTC), with decisions expected by October 2025.
The increased confidence, alongside a potential crypto basket ETF approval as early as July 2, 2025, is in line with the changing regulatory approach under new SEC leadership.
While challenges like XRP’s legal status remain, the developments prove growing institutional interest and potential market stabilization for these cryptocurrencies.
A Changing SEC Opens Doors for Crypto ETFs
Bloomberg ETF analysts James Seyffart and Eric Balchunas have raised the approval odds for SOL, XRP, and LTC ETFs from 90% to 95%. Earlier predictions, such as those from Yahoo Finance in February 2025, forecast lower probabilities—70% for SOL, 60% for XRP, and 90% for LTC—proof of a steady increase in confidence over time.
The shift follows the January 2025 appointment of Paul Atkins as SEC chairman, replacing Gary Gensler, whose cautious approach slowed crypto ETF approvals.
Solana’s high-throughput blockchain, XRP’s role in cross-border payments, and Litecoin’s established peer-to-peer transaction model position them as strong ETF options, building on the success of Bitcoin and Ethereum ETFs.
However, XRP faces regulatory uncertainty due to an ongoing SEC lawsuit, with an appeal of a 2023 ruling still pending, although the case is said to be close to its end. Analysts expect resolution by October 2025, supporting the 95% approval probability.
Canada’s launch of spot Solana ETFs in April 2025 shows the growing momentum for altcoin ETFs globally.
Crypto Basket ETF Decision Nears
A crypto basket ETF, providing exposure to multiple cryptocurrencies, could receive SEC approval as early as July 2, 2025.
As reports suggest, July could mark an “altcoin ETF summer,†with filings from Grayscale, Hashdex, Bitwise, and Franklin Templeton under review, carrying a 95% approval probability.
As of July 1, 2025, no approval has been confirmed, but the July 2 deadline has increased market attention and raised stakes. Unlike single-asset ETFs, basket ETFs reduce risk by diversifying across assets, appealing to cautious investors.
The Future of Crypto: Stability Through ETFs?
Approval of SOL, XRP, and LTC ETFs could drive significant institutional capital, similar to inflows seen with Bitcoin and Ethereum ETFs, and improve price stability through regulated markets.
The SEC is reviewing over 70 crypto ETF filings, with decisions expected through 2025 and into 2026. Other altcoins like Dogecoin (DOGE) and Cardano (ADA) have 90% approval odds, up from 75% earlier in 2025.
While prediction markets like Polymarket show slightly lower odds—85% for SOL and 80% for XRP—analyst opinion remains strong. The regulatory approach under Atkins, combined with global trends, points to a growing crypto market.
