Analysts predict a 75%+ chance the SEC approves spot altcoin ETFs including SOL, DOGE, and XRP with key deadlines starting July 2.

The U.S. Securities and Exchange Commission (SEC) could make watershed rulings on spot exchange-traded funds (ETFs) linked to major altcoins, such as Solana (SOL), Dogecoin (DOGE), and XRP, as soon as July 2, analysts have predicted. The move could unlock a flood of new crypto investment products, though skepticism remains about the barriers to entry, as well as the speculative frenzy of meme coins.

Bloomberg ETF analysts Eric Balchunas and James Seyffart now estimate a 75% or higher likelihood of approval for a range of altcoin ETFs by year-end, with basket-style funds packaging multiple cryptocurrencies leading the charge at 90% odds. The SEC faces hard deadlines to rule on proposals from heavyweights like Grayscale, Bitwise, and Franklin Templeton, with single-asset ETFs for SOL, DOGE, and others expected by October.

The shift in regulatory tone follows the appointment of crypto-friendly SEC Chairman Paul Atkins, who has criticized the agency’s past approach as “stifling innovation.” Yet, the path remains fraught with uncertainty. While SOL and XRP ETFs are seen as front-runners, filings for smaller tokens like SUI and politically themed coins (TRUMP, MELANIA) remain in limbo, lacking formal review status.

Also read: Bitcoin Mining Isn’t Worth It Anymore

“I’d assume [SUI] has similar prospects to other altcoin ETFs,” Seyffart noted, though he stopped short of assigning firm odds.

The looming decisions come as the crypto market grapples with volatility and waning developer interest in legacy projects like Ethereum. If approved, altcoin ETFs could reignite retail and institutional demand but whether they’ll deliver long-term legitimacy or merely fuel speculative mania remains an open question.