Background: The U.S. Securities and Exchange Commission (SEC) may approve multiple cryptocurrency-related exchange-traded funds (ETFs) in July, ushering in a "Altcoin ETF Summer." Main Events: Analysts predict that the SEC could approve ETFs tracking Solana, Ethereum staking, and crypto indices as early as next month. Several fund issuers, such as Grayscale and Bitwise, have submitted relevant applications, with the SEC required to make decisions by July 2, and the approval probability reaching up to 90%. Additionally, the SEC is considering ETFs tracking XRP, Solana, and staking-related products, with decisions expected slightly later. Industry Developments: Duncan Moir, President of 21Shares, stated that as more asset managers enter the market, basket products will become a trend due to their ability to diversify risk and attract investor interest. The SEC is also in communication with Solana ETF issuers regarding staking details. Potential Impact: Nate Geraci, President of ETF Store, believes the SEC's imminent relaxation of crypto ETF approvals will drive mainstream brokerages to offer direct spot crypto trading. Analysts also predict that actively traded crypto ETFs will emerge in the future, with meme coin-focused funds possibly launching by 2026.

The US Securities and Exchange Commission could start to approve some crypto-tied exchange-traded funds as soon as next month, kicking off an “altcoin ETF summer,” analysts say. Bloomberg senior ETF analyst Eric Balchunas posted to X on Tuesday a note from fellow analyst James Seyffart that said, “ETFs that track broad crypto indexes may be approved by the SEC next month.” The note added that the SEC could also “act early” on Solana ( SOL ) and staking ETF filings, with Balchunas saying to “get ready for a potential altcoin ETF summer with Solana likely leading the way.” Several fund issuers, including Grayscale and Bitwise, have filed with the SEC to launch ETFs that track a bundle of cryptocurrencies, aiming to provide broad exposure to the market, which the SEC must decide on by July 2 and which Bloomberg’s analysts have given 90% odds of approval. The SEC is also considering ETFs that track XRP ( XRP ), Solana and some offering exposure to staking, which it does not have to decide on until later this year. 21Shares President Duncan Moir told Cointelegraph at Proof of Talk’s Roadmap for Institutional Capital Inflow in Paris that the race for new crypto exchange-traded product (ETP) launches is heating up and that as more asset managers enter the fray, “basket products are going to be more interesting.” “It’s like you don’t know which one is going to be the winner. So you buy a basket [of them all], it’s a no-brainer,” he added. “I think that’s going to be a big trend that we’re seeing,” Moir added. “It’ll be interesting to see how and when people can bring basket products to market in the United States.” Seyffart’s prediction that Solana-based funds would lead the way, along with staking for spot Ether ( ETH ) ETFs, comes as Blockworks reported on Tuesday that the SEC told fund issuers vying to launch Solana ETFs to update their registration filings with the agency. “Conversations around the nuances of staking Solana in ETFs are getting underway between the SEC and hopeful Solana ETF issuers.” Related: SEC says REX-Osprey staked SOL and ETH funds may not qualify as ETFs Meanwhile, on June 11, ETF Store president Nate Geraci said it looks like the SEC is “about to open floodgates on crypto ETFs,” which is the “last step before all major brokerages offer direct spot crypto trading.” Last week, Balchunas said there was a “really good chance” that an ETF that actively trades memecoins will exist at some point. But first, “we’ll get a slew of active crypto ETFs,” he said, adding that an active emecoin-only fund will likely emerge in 2026. Magazine: Elon Musk Dogecoin pump incoming? SOL tipped to hit $300 in 2025: Trade Secrets Additional reporting by Ailsa Sherrington. 

Analysts predict that the SEC may approve multiple cryptocurrency ETFs in July, ushering in a "Altcoin ETF Summer."

Analysts predict that the SEC may approve multiple cryptocurrency ETFs in July, ushering in a "Altcoin ETF Summer."