According to James Seyffart, an expert from Bloomberg Intelligence, the U.S. Securities and Exchange Commission (SEC) intends to begin approving spot ETFs based on altcoins no earlier than the beginning of Q4 2025. The expert believes that the SEC often utilizes the entire allotted time for reviewing applications.
This is reported by Finway
Seyffart stated that decisions regarding four products have been postponed again, and the timelines for adding staking to the funds have also been updated. He noted: “If we see early approvals from the SEC for any of these assets, I wouldn’t expect them until the end of June or early July; most likely, it will be at the beginning of Q4.”
“The SEC will postpone decisions on most applications, primarily for spot XRP ETFs, in the near term, as they are approaching an interim deadline.”
The expert also clarified that the first approved products may be based on Litecoin (LTC), as there are not as many applications from Grayscale Investments, CoinShares, and Canary Capital compared to XRP ETFs.
In light of these events, the SEC has postponed decisions on several cases, including the 21Shares Core XRP Trust and Grayscale XRP Trust, which have deadlines at the end of May. The final stage for them is scheduled for early July 2025.
Additionally, the Commission continues to analyze proposals for adding staking to the structure of the Bitwise Ethereum ETF, which is also delaying decision-making.