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 time,” analysts say.
Bloomberg senior ETF analyst Eric Balchunas posted to X on Tuesday a be aware from fellow analyst James Seyffart that stated, “ETFs that monitor broad crypto indexes could also be authorised by the SEC subsequent month.”
The be aware 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 time with Solana possible main the way in which.”
A number of fund issuers, together with Grayscale and Bitwise, have filed with the SEC to launch ETFs that monitor a bundle of cryptocurrencies, aiming to offer broad publicity to the market, which the SEC should resolve on by July 2 and which Bloomberg’s analysts have given 90% odds of approval.
The SEC can be contemplating ETFs that monitor XRP (XRP), Solana and a few providing publicity to staking, which it doesn’t should resolve on till later this yr.
Crypto bundle ETFs shall be “extra fascinating”
21Shares President Duncan Moir advised Cointelegraph at Proof of Discuss’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 a giant pattern that we’re seeing,” Moir added. “It’ll be fascinating to see how and when folks can deliver basket merchandise to market in the US.”
Will Solana be the primary?
Seyffart’s prediction that Solana-based funds would paved the way, together with staking for spot Ether (ETH) ETFs, comes as Blockworks reported on Tuesday that the SEC advised 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 might not qualify as ETFs
In the meantime, on June 11, ETF Retailer president Nate Geraci stated it seems just like the SEC is “about to open floodgates on crypto ETFs,” which is the “final step earlier than all main brokerages provide direct spot crypto buying and selling.”
Energetic memecoin ETF quickly
Final week, Balchunas stated there was a “actually good likelihood” that an ETF that actively trades memecoins will exist in some unspecified time in the future.
However first, “we’ll get a slew of energetic crypto ETFs,” he stated, including that an energetic emecoin-only fund will possible emerge in 2026.
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Further reporting by Ailsa Sherrington.
