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The US Securities and Alternate Fee may begin to approve some crypto-tied exchange-traded funds as quickly as subsequent month, kicking off an “altcoin ETF summer season,” analysts say.
Bloomberg senior ETF analyst Eric Balchunas posted to X on Tuesday a observe from fellow analyst James Seyffart that mentioned, “ETFs that observe broad crypto indexes could also be authorised by the SEC subsequent month.”
The observe added that the SEC may additionally “act early” on Solana (SOL) and staking ETF filings, with Balchunas saying to “prepare for a possible altcoin ETF summer season with Solana probably main the best way.”
A number of fund issuers, together with Grayscale and Bitwise, have filed with the SEC to launch ETFs that observe a bundle of cryptocurrencies, aiming to supply broad publicity to the market, which the SEC should determine on by July 2 and which Bloomberg’s analysts have given 90% odds of approval.
The SEC can be contemplating ETFs that observe XRP (XRP), Solana and a few providing publicity to staking, which it doesn’t need to determine on till later this yr.
Crypto bundle ETFs will likely be “extra fascinating”
21Shares President Duncan Moir informed Cointelegraph at Proof of Speak’s Roadmap for Institutional Capital Influx in Paris that the race for brand new crypto exchange-traded product (ETP) launches is heating up and that as extra asset managers enter the fray, “basket merchandise are going to be extra fascinating.”
“It’s such as you don’t know which one goes to be the winner. So you purchase a basket [of them all], it’s a no brainer,” he added.
“I believe that’s going to be an enormous development that we’re seeing,” Moir added. “It’ll be fascinating to see how and when folks can carry basket merchandise to market in the USA.”
Will Solana be the primary?
Seyffart’s prediction that Solana-based funds would cleared the path, together with staking for spot Ether (ETH) ETFs, comes as Blockworks reported on Tuesday that the SEC informed fund issuers vying to launch Solana ETFs to replace their registration filings with the company.
“Conversations across the nuances of staking Solana in ETFs are getting underway between the SEC and hopeful Solana ETF issuers.”
Associated: SEC says REX-Osprey staked SOL and ETH funds may not qualify as ETFs
In the meantime, on June 11, ETF Retailer president Nate Geraci said it appears to be like just like the SEC is “about to open floodgates on crypto ETFs,” which is the “final step earlier than all main brokerages supply direct spot crypto buying and selling.”
Lively memecoin ETF quickly
Final week, Balchunas said there was a “actually good probability” that an ETF that actively trades memecoins will exist sooner or later.
However first, “we’ll get a slew of energetic crypto ETFs,” he mentioned, including that an energetic emecoin-only fund will probably emerge in 2026.
Journal: Elon Musk Dogecoin pump incoming? SOL tipped to hit $300 in 2025: Trade Secrets
Further reporting by Ailsa Sherrington.