- Cardano, Dogecoin, and Polkadot ETFs each hold a 90% approval chance in 2025.
- Multi-asset crypto ETF with 95% odds could gain SEC approval this very week.
- Solana Staking ETF launches Wednesday, using foreign ETF exposure to meet SEC rules.
Cardano may soon join the growing list of cryptocurrencies embraced by traditional finance. According to top Bloomberg analysts, the odds of a spot Cardano ETF gaining approval in 2025 have surged to 90%. This projection follows broader expectations of a flood of crypto ETF approvals in the second half of 2025.
Analysts Eric Balchunas and James Seyffart believe the Securities and Exchange Commission (SEC) is showing greater openness toward altcoins, driven by increasing institutional demand and maturing market infrastructure. Their outlook signals a major shift in the regulatory landscape for crypto-based financial products.
Trying to figure out what could go into an SEC framework aside from CFTC approved futures we looked at a few potential data points. The entire note and our midyear outlook can be seen at this link for Bloomberg Terminal clients: https://t.co/7C0bO3oEI3 pic.twitter.com/Y9CcCdNAGF
— James Seyffart (@JSeyff) June 30, 2025
Wave of Altcoin ETFs Expected in Late 2025
The analysts forecast high chances of ETF approval not only for Cardano but also for Dogecoin, Polkadot, Hedera, and Avalanche. Each of these altcoins now holds a 90% probability of seeing their own spot ETFs approved by year-end. The shift suggests a notable softening in the SEC’s approach to non-Bitcoin crypto assets.
While approvals for Sui and Tron remain less certain standing at 60% and 50% odds respectively market watchers remain optimistic. Importantly, a crypto index ETF featuring a diversified basket of digital assets could gain SEC clearance as soon as this week.
Bloomberg also revealed that a crypto ETF tracking multiple assets carries a 95% chance of approval. Such a move could open the door to broader altcoin exposure for institutional investors.
Solana ETF Set to Launch as Investment Grows
In another development, the REX Osprey Solana Staking ETF will officially launch Wednesday. This fund is the first U.S.-listed product to feature crypto staking.
#Solana ETF News: The @REXShares @OspreyFunds Solana ETF with staking, as announced by REX Shares, is reportedly set to begin trading on Wednesday, July 2, 2025, according to a post on X citing the CEO. This ETF, expected to trade under the ticker $SSK, aims to be the first of…
— MartyParty (@martypartymusic) June 30, 2025
To address regulatory concerns, the fund will invest at least 40% of its holdings in foreign ETFs. This workaround satisfies SEC guidelines regarding investment company status.
