The post Crypto Space to Get New ETF by May 5? appeared first on Coinpedia Fintech News
The crypto ETF space will see big developments in 2025. The U.S. SEC is set to review over 70 crypto ETF applications this year. This comes after the approval of Bitcoin and Ethereum ETFs in 2024, which made way for altcoin ETFs.
Analysts believe the SEC may approve spot ETFs for altcoins like Solana, XRP, and Dogecoin in the coming months, with decisions starting as early as July 2, 2025. Decisions for ETFs like SOL, DOGE, XRP, and ADA are expected around October, with other ETF rulings to follow in November and December.
Litecoin ETF Decision By May 5?
The SEC is set to rule on the Canary Funds’ Litecoin ETF by May 5. Unlike other crypto ETF filings, this one has not been delayed yet. James Seyffart, a Bloomberg ETF analyst, believes that Litecoin may have a better chance of early approval than other assets, although he still thinks a delay is more likely.
Analysts pointed out that Litecoin ETF’s approval could be the easiest since its S-1 and 19b-4 forms have already been filed and accepted. Additionally, the SEC likely sees Litecoin as a commodity.
Other Litecoin ETFs currently under review are from Grayscale and CoinShares. The SEC has until October to decide on them. According to Bloomberg analysts, Litecoin has the highest chance of approval, with a 90% likelihood.
75% Chances of Altcoin ETFs Approval
Bloomberg analysts believe there’s a 75% or higher chance that the SEC will approve several spot altcoin ETFs before the end of 2025. Seyffart had previously said that more crypto ETFs will be proposed as the issuers will try to see what works out. However, the ones that fail to attract interest or investment will be liquidated.
The outlook for altcoin ETFs has changed after Paul Atkins became SEC Chair. He stated the crypto industry has been “stifled” and the regulatory framework “badly needs attention.”