SEC Seen as Nearly Certain to Approve Wave of Crypto ETFs, Say Bloomberg Analysts

Confidence is surging among analysts that U.S. regulators are preparing to greenlight a wide array of cryptocurrency ETFs, marking a pivotal change in the SEC’s approach to digital assets.

According to Bloomberg’s James Seyffart and Eric Balchunas, odds of approval for most pending crypto ETF applications have now jumped above 90%. This optimism follows what they describe as “highly encouraging” engagement from the Securities and Exchange Commission in recent weeks.

The analysts also believe the SEC may be softening its stance on classifying major altcoins. Tokens like Solana, XRP, Litecoin, and Dogecoin are increasingly seen as commodities — a view that would shift them outside the SEC’s direct oversight.

While exact timing is unclear, approvals are not expected immediately. The process could stretch through the end of the year, possibly into early 2026.

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The extraordinary success of Bitcoin ETFs has set the tone for the industry. BlackRock’s iShares Bitcoin Trust (IBIT) recently crossed $70 billion in assets, achieving the milestone in just 341 days and becoming one of the most successful ETF launches in U.S. history.

This momentum has sparked renewed interest in altcoin ETFs, with firms like Franklin Templeton submitting proposals for Solana and XRP products. The SEC has opened a comment period on several applications, a sign that reviews are progressing.

Ether ETFs, in contrast, have seen slower adoption, with recent analysis showing many investors remain at a loss. Despite this, the broader market remains hopeful that the next wave of crypto ETFs could bring greater diversification to the sector — even if Bitcoin continues to dominate flows for now.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.