Two Prominent Analysts Bullish on Altcoin ETFs

Two prominent industry analysts have turned very bullish on altcoin ETFs, predicting that eight different applications have 90-95% odds of SEC approval.

The assets in question include Litecoin, Solana, XRP, Dogecoin, Cardano, Polkadot, HBAR, and Avalanche. They’re also optimistic about a basket ETF but believe that SUI only has 60% odds.

Altcoin Season for ETF Approvals?

Since the Bitcoin ETFs first hit the scene, the crypto landscape has changed irrevocably. The initial Bitcoin offering was a lengthy battle, yet enthusiasts hoped it would lead to broader acceptance.

New SEC management has prompted a surge in altcoin ETF applications, and two Bloomberg analysts, James Seyffart and Eric Balchunas, assert that many of these proposals are likely to succeed. Their top altcoin ETF contenders include Solana and XRP.

Initially, they viewed Litecoin as the top candidate, but it’s become a three-way race among these assets. Five additional altcoins have slightly lower approval chances, while Sui has only 60% odds due to its ambiguous status as a commodity; Tron was not ranked.

As for the reasons behind their optimism? While the SEC has been delaying altcoin ETF applications, it’s important to note that the Commission is meaningfully engaging with these proposals now, unlike under previous leadership.

Analyst Seyffart theorized that final approvals could occur as early as July or as late as October, aiming for 2025 for completion.

The community seems to be understanding of these delays, with faith in a successful XRP ETF shooting up to 98% this month despite the SEC hold-up. Industry professionals are echoing a similarly optimistic outlook for altcoin ETFs, with hopes for initial approvals soon.

However, it’s worth noting that these positive forecasts may not result immediately in strong investment opportunities. As of June 2025, Bitcoin ETFs hold 90% of the market share. Even with successful approvals for all eight altcoin ETFs, Bitcoin may continue to dominate the landscape.