Following the approval of Bitcoin and Ethereum ETFs in the US, spot ETF applications have emerged for many altcoins such as XRP, Solana (SOL) and Litecoin (LTC).
While there are many altcoin ETF applications pending before the SEC, the SEC has not approved any ETF applications to date.
The SEC, which decided to postpone the applications, most recently postponed Franklin Templeton's decision on XRP and Solana ETF.
With this postponement, the SEC has requested public comments on the XRP and Solana ETFs proposed by Franklin Templeton.
Accordingly, the SEC has asked the public to comment on the proposed rule changes for listing both spot ETFs within the next four weeks.
“The commencement of proceedings does not mean that the Commission has reached any conclusions on any of the issues in question.
Instead, the Commission invites and encourages interested parties to comment on the proposed rule change.”
Following this move by the SEC, analysts predict that the agency could begin approving altcoin ETFs as early as next month.
At this point, Bloomberg analysts James Seyffart and Eric Balchunas said the SEC's decision to postpone was not a surprise.
Analysts have said that Solana ETFs could be approved in a month or less.
Seyffart said that the probability of altcoin ETFs being approved before the end of 2025 has increased, saying:
“I wouldn’t be surprised if we see approvals for the Solana ETFs in the next month or so. But I also wouldn’t be surprised if we have to wait until the October deadline. The timeline is unknown.
But at the end of the day, the SEC is engaging and that's a good sign.”
What Eric said. I wouldn't be completely shocked if we see approvals for Solana ETFs in the next month or so. But i also wouldn't be surprised if we have to wait until the final deadline in October. Timeline unknown
At end of day — the SEC is engaging and that's a good sign
— James Seyffart (@JSeyff) June 17, 2025
*This is not investment advice.
