In the first half of 2025, amidst regulatory optimism in the US, 31 applications for altcoin ETFs have been filed, raising hopes among analysts for successful approvals.
Total Number of ETF Applications
Notable companies like VanEck have filed for ETFs for BNB and Avalanche, while WisdomTree and Franklin Templeton are awaiting approval for XRP ETFs. REX-Osprey's application for a memecoin ETF also adds to the list.
Initial Steps Towards ETF Approval
Analysts express optimism that at least 10 out of 31 applications will be approved, fueling hopes of an 'altcoin summer.' Notably, ETFs for Litecoin and Solana stand out with an estimated approval chance of 60% or higher.
Regulations in the Cryptocurrency Space
New SEC Chair Paul Atkins has begun changing regulatory approaches, retracting several initiatives from his predecessor. The new rules may allow faster market entry for new crypto-related financial products.
Analysts predict that positive regulatory changes could lead to a developmental phase for the altcoin landscape, but time will reveal how new ETFs affect the market and asset values.
