After the success of Bitcoin spot ETFs earlier this year, attention is now shifting toward a new wave of exchange-traded funds — this time focused on altcoins. According to multiple reports, the U.S. Securities and Exchange Commission (SEC) is actively reviewing applications for spot ETFs tied to Solana (SOL), XRP, and Dogecoin (DOGE), with decisions expected in the coming months.
While the initial deadlines were pushed back to June and July 2025, analysts are increasingly confident that these ETFs could be approved before the end of summer — potentially setting the stage for a new phase of altcoin adoption.
EC Reviews Underway for XRP, SOL, and DOGE
Several asset managers — including VanEck, Bitwise, and Franklin Templeton — have submitted filings for spot ETFs tied to these top altcoins. The SEC has delayed decisions until June and July, but has not issued any negative feedback.
In a recent tweet, on-chain analyst WhaleFUD noted:
While XRP remains entangled in regulatory gray areas, its partial legal victory in 2023 set a precedent that may support ETF approval. Solana, on the other hand, has gained favor due to its institutional integrations and growing DeFi ecosystem.
Why ETF Approval Looks More Likely This Time
Several factors suggest that altcoin ETFs may now be viable:
- The SEC’s approval of 11 Bitcoin spot ETFs in January established a legal and procedural path for digital asset funds.
- Political pressure is mounting as crypto becomes a 2025 election issue, with both parties addressing blockchain regulation.
- The crypto market cap has regained strength, with altcoins making up an increasing share of investor portfolios.
Analysts noted that the delay may actually be a bullish sign, allowing the SEC more time to coordinate approvals in bulk — similar to what was done with BTC ETFs.
What It Means for Altcoin Markets
If approved, ETFs for XRP, SOL, and DOGE would provide regulated, institution-friendly exposure to assets that have long lived in Bitcoin’s shadow. This could unlock billions in inflows from traditional finance and retirement accounts.
- XRP: Could benefit from reclassification momentum after its partial win vs. the SEC.
- SOL: Already backed by Visa, Shopify, and Circle — ETF inclusion may accelerate adoption.
- DOGE: The wildcard. As the top meme coin, its listing would signal how far mainstream crypto has come.
A successful approval could also lead to renewed bullish sentiment across mid-cap altcoins, triggering an early “altseason” ahead of schedule.
Final Thoughts: Summer May Be a Turning Point
Bitcoin spot ETFs redefined crypto investing in Q1 2025. Now, altcoin ETFs could do the same for the broader ecosystem. While approval is not guaranteed, the combination of legal precedent, political attention, and investor demand makes it increasingly likely.Whether you’re a long-term holder or a short-term trader, keep your eyes on June — because altcoins may soon have their ETF moment.
