last year the first spot Bitcoin ETFs were launched serving as Rocket Fuel for bitcoin’s Price well right now a wave of altcoin ETF applications are in the pipeline and this could potentially send altcoin prices higher if wider market conditions are favorable and that’s why today we’re going to take a look at all these pending altcoin ETF applications tell you which ones are the most likely to be approved when this could happen and what this could mean for your altcoin bags what’s your name my name is Nick stay tuned before we go any further you need to know that I am not a financial adviser and nothing in this video should be considered Financial or investment advice this video is for educational purposes only meant to help you on your crypto quest with that disclaimer out the way let’s dig if you cast your mind back to November 2024 you might just recall the small matter of the uh US presidential election taking place I know time really does fly doesn’t it anyways as you’ll know Trump emerged Victorious and he was able to get his old job back uh good for him but this was even better news for crypto investors and that’s because during his campaign Trump presented himself as Pro Bitcoin and as an advocate for the crypto industry more broadly naturally then his election Victory had everyone excited about the prospects of crypto-friendly regulations under his administration and most importantly the prospects of a much more crypto-friendly SEC we don’t need to remind you that former SEC chair Gary Gensler was one of the most hated people in crypto under gensler’s rule the SEC provided very little to know regulatory Clarity instead opting for a regulation by enforcement approach basically slapping the unregistered Securities label on practically everything and firing lawsuits out like they were confetti thankfully uh Trump’s election victory means Gary gansler stepped down on the 20th of January the same day Trump was inaugurated safe to say he won’t be missed and if the thought of Gary leaving office still brings you Joy show it by Smashing that like button and subscribing to the channel and hitting the notification Bell as well now in Gary’s place is acting chairman Mark U who still serves as SEC chair until the position is permanently filled Mark is pro crypto and is a known critic of the regulation by enforcement approach that Gary and his director of enforcement goober Greywell were so fond of Mark instead wants to provide clear and fair regulations and even established the sec’s first crypto task force and this task force was led by Hester Pierce and will prioritize the sec’s move away from regulation by enforcement and toward WS transparent regulations that Foster Innovation now Trump’s permanent nominee for SEC chair is Paul Atkins now Paul is likewise Pro crypto and is against regulations that caused unnecessary obstructions instead advocating for free market principles and Innovation Paul uh previously served as SEC commissioner between 2002 and 2008 where he focused on enhancing compliance but Paul isn’t the only proc crypto candidate that Donald Trump has nominated into key positions and you can of course learn more about all of the others by watching this video over here in any case what’s crazy is how much the SEC has shifted its stance since Gary’s departure besides dismissing lawsuits against exchanges it has approved the first ever yield bearing stable coin security declared that Meme coins aren’t Securities and has even begun engaging with crypto firms to discuss regulations it’s also revoked that controversial Sab 121 rule which basically prevented Banks from holding crypto and best of all the SEC has already acknowledged spot ETF applications for a whole bunch of altcoins signaling that many more could soon be approved what this means is that these altcoins could see some serious inflows and if you’re looking to trade these cryptos you have to check out the coin Bureau deals page you’ll find up to ,000 in sign up bonuses for some of the best exchanges and up to 75% cash back on your deposits you see this deal is exclusively for the viewers of the coin Bureau and won’t be around forever so take advantage of them with the link in the description below while you still can now with that out of the way let’s take a look at those pendin altcoin ETF applications okay the first altcoin to potentially get a spot ETF in 2025 is xrp in our previous update xrp had four spot ETF applications those being from bitwise 21 shares Canary capital and Wisdom Tree on the 24th of January coin shares formerly known as Valkyrie filed for an xrp ETF and soon after on the 31st of January New York Stock Exchange subsidiary ARA lodged a filing to convert grayscale’s xrp trust into a spot ETF the CBOE bzx exchange also filed xrp ETFs on behalf of bitwise 21 shares Canary capital and Wisdom Tree these filings informed the SEC of a few changes in the hopes that the regulator would authorize the first spot xrp ETFs in the US and most recently volatility shares has also filed for a spot xrp ETF on the 8th of March this brings the total to seven issuers looking to get a spot xrp ETF approved uh to refresh your memory uh that’s bitwise 21 shares Canary Capital Wisdom Tree coin shares grayscale and volatility shares many people believe xrp could in fact be the first altcoin to get an ETF since it’s one of the only cryptos with regulatory Clarity in the US and that’s because Ripple which of course issues xrp famously beat the SEC in court in July 2023 however Bloomberg ETF analysts have noted that xrp may face hurdles getting a spot ETF and this is precisely because the ACC had explic itly gone after Ripple and its Executives over xrp and while the case was resolved in Ripple’s favor the SEC appealed the ruling oddly enough uh this appeal has not been revoked yet at least at the time of shooting this video it should come as no surprise then that the likelihood that xrp will be the first altcoin ETF issued in the US seems to be slipping as we record this poly Market has a 2025 approval chance at 75% which is lower than Sal’s so far the SEC has acknowledged xrp filings from grayscale and 21 shares uh when this happens it usually means that the ball will start rolling in the following days and this means that the final deadline that we could expect to see spot xrp ETFs hit the market will be somewhere in the middle of October 2025 now the second altcoin that could get a spot ETF in 2025 is salana and if you watched our previous altcoin ETF update you’ll know that there were a total of five spot salana ETF applications submitted to the SEC for approval and these were filed by asset managers like Vanek 21 shares Canary capital bwise and grayscale you might also recall that the SEC was planning to reject two of these applications for context this was in December 2024 so we’re sure it’s just a coincidence that Gary gensler’s SE C made this decision between Trump’s election Victory and him actually taking office right anyways as it turned out the SEC would fail to acknowledge the four spot salana ETFs from vanck 21 shares Canary and bwise before their deadline of the 21st of January according to Bloomberg ETF analyst James safer this means they were effectively denied outright by the SEC luckily though the CBOE bzx would refile on behalf of all four of these issuers just a few days later on the 28th of January while this may have kind of restarted the process this is arguably a good thing since Gary has now left meaning the application will be reviewed by a much more crypto-friendly SEC on top of this the SEC has recently acknowledged grayscale spot ETF application which again aims to convert its Solana trust into an ETF the same way grayscale created its spot Bitcoin and and ethereum ETFs and this means that the final deadline for the SEC to make a decision Falls roughly around the 11th of October of this year for those of you who are wondering the ACC has 45 days to make a decision which can include extending to a maximum of 240 days from the date of the submission historically the SEC has used almost all 240 days for each crypto ETF filing and this is why blue ber ETF analyst Eric balunas highlighted that this acknowledgement was notable uh since the SEC would have probably ignored the application under its previous administration and this suggests that the likelihood of ETF approvals is now significantly higher underscoring the sec’s increasingly favorable stance towards crypto in fact at the time of shooting according to poly Market these ETFs have an 86% chance of approval in 2025 James has suggested though that the approval could be delayed until 2026 uh due to all the lawsuits against crypto companies that alleg soul is an unregistered security but it looks like these lawsuits are quickly being paused or thrown out by the SEC anyway more recently another asset manager has thrown its hat into the ring and that’s Franklin Templeton which filed for a spot salana ETF on the 21st of February so to refresh your memory memory the list of applicants now include vanck 21 shares Canary capital bitwise grayscale and now Franklin Templeton the final deadline for most of these will be sometime in mid October so assuming that there’s not another change of heart the SEC will approve at least six spot salana ETFs by the end of the year assuming it hasn’t done so already all right another altcoin that could soon get a spot ETF is an OG crypto and that’s like coin in our last altcoin ETF update there was just one submission for a Litecoin ETF which came from Canary Capital way back in October last year and this was when they had filed their S1 form with the form 19 B4 following a few months later on the 15th of January anyhow since Canary filed for the spot Litecoin ETF several others have followed suit uh coin shares filed for a Litecoin ETF on the 24th of January and grayscale filed to convert its Litecoin trust into an ETF on the 6th of February and what’s strange is that only three ETF issuers have filed for a Litecoin ETF despite it arguably having the best chance of approval James saford and Eric balunas those aformentioned Bloomberg ETF analysts reckon there’s a 90% chance that Litecoin will get an ETF in 2025 that said though saford also says he doesn’t believe that a Litecoin ETF would generate that much demand and this sentiment could explain why poly Market has litecoin’s chance of approval at just 69% we happen to think that James and Eric are indeed right and that Litecoin could be the next altcoin to get a spot ETF there are a few reasons for this first is the fact that it’s one of the few cryptos with a pendin ETF application that the SEC hasn’t tried to label as a security at any point Litecoin is also a fork of Bitcoin and it markets itself as a digital silver kind of like Bitcoin is the digital gold and this makes it closer to a commodity and also makes it much easier to understand for both investors and most importantly Regulators in any case uh the final deadline for Litecoin ETFs Falls somewhere around the 3rd of October but honestly we’d be surprised it takes anywhere near that long for the approval okay folks the next altcoin with a potential spot ETF lined up might just surprise you and that’s Dogecoin yep even crypto’s oldest K9 coin is getting its paes in on the action if we’ have told you this a few months ago you would have said we were barking mad and we’d have been slinking off with our Tails between our legs all right sorry I’ll stop with the dog puns as it turns out quite a few applications have been filed for spot Dogecoin ETFs and the reason for this is obvious put simply ETF issuers are testing the boundaries after all if a meem coin can get an ETF approved by the SEC it will prove that the SEC has indeed changed its tune I mean can you imagine this happening under Gary gensler’s Reign I’d say we would rather have had a better chance of seeing Alvis running for president in fact to really test how Pro crypto the SEC is becoming two asset managers namely ospre funds and Rex shares have collaboratively filed for a whole bunch of mcoin ETFs and these include Dogecoin and bonk as well as the official Trump and Melania shitcoins sorry I mean mean coins now this might sound crazy but it’s not as bananas as you think at the end of February this year the SEC declared that mean coins are not Securities we can only imagine Gary gensler’s face when he heard about that one anyway what this means is that it’s now surprisingly unlikely that these ETF applications will get rejected what a time to be in crypto hey folks other asset managers filing for Dogecoin ETF include bitwise and grayscale both of which applied at the end of January we should also point out that tutal Capital has really been testing the boundaries by filing for a leveraged ETF including for meme coins we just mentioned it’ll be intriguing to see how that one plays out to say the least on the 13th of February the SEC acknowledged grayscales Dogecoin ETF filing which means the clock it’s now taken and this means that a w estimate for the final deadline is somewhere around the 11th of October okay last pun I swear we should caveat though and say that according to Bloomberg intelligence info shared by James safet the final deadline for a spot Dogecoin ETF is actually the 6th of April farther than mid-september it’s not entirely clear why there’s such a difference in the dates there but uh hey those guys they’re the ETF experts and we have no right to question them okay folks at this stage we should point out that these asset managers have also been filing for a range of other altcoin ETFs however in most cases this involved just one asset manager suggesting that there’s not that much wider interest that said though new altcoin ETF applications seem to be crawling out of the woodwork on a daily basis so we thought it would be wise to keep you up-to-dated as much as possible because I mean who knows it may not be long before these altcoins end up with a whole bunch of ETF approvals so with that in mind let’s get into it first up is cardano for which grayscale filed an ETF application on the 10th of February the SEC then acknowledged this 2 weeks later on the 24th and this means that the final deadline line for a spot cardono ETF will fall somewhere around the 22nd of October another one is polka dot surprisingly which has seen two ETF applications one from 21 shares on the 31st of January and another from grayscale on the 24th of February at the time of shooting the SEC has yet to acknowledge either of them assuming they will though this puts the final deadline somewhere in late September or early October there’s also aptose which has had one recent ETF filing from bitwise on the 5th of March giving it a rough timeline somewhere in early November and then there’s hyera which has had two ETF filings one from canary on the 24th of February and another from grayscale on the 3rd of March again this means a deadline somewhere in the middle of October it’s not just individual altcoins that have had ETF filings either there’s also been a number of ETF filings that incorporate multiple crypto into one product for instance in Q4 of last year hash deex Franklin Templeton and bitwise filed for dual ETFs that would track the price of Bitcoin and eth these were later approved by the SEC marking the first ETFs for multiple cryptos the only problem now is that these dual ETFs have seen very limited demand so far not a great start but dual ETFs are just the tip of the iceberg on November 27th bitwise filed for its top 10 crypto index which provides exposure to BTC eth Soul xrp Ada aax bch link uni and Dot however this was put on pause on the 14th of January when the SEC postponed the decision and on the 17th of January coin shares filed an application for its digital assets ETF which consists of BTC eth Ada abex do link soul xlm and xrp at the time of shooting the SEC has yet to acknowledge this filing now there could be a whole bunch of other altcoin ETF applications submitted by the time you actually watch this video it’s clear that this trend isn’t likely to slow down until the SEC puts the brakes on which begs the obvious question what does this mean for the crypto Market well in case it wasn’t obvious the approval of each spot ETF would likely be incredibly bullish for the altcoin in question and that’s because it would open the floodgates to New Waves of capital entering the market from traditional and institutional investors who may prefer to use ETFs as a safer way to invest in these riskier assets not only is this more convenient for most investors but for every altcoin ETF approval the crypto industry gains an extra layer of legitimacy and this could drive up adoption of crypto with non- crypto native investors everywhere having exposure to crypto in their portfolios and this would be incredibly bullish especially for any altcoins that were previously branded as Securities by the SEC and that’s because it would remove any regulatory uncertainty around these assets allowing investors to feel much more comfortable to ape in as a result many investors would likely begin speculating on which altcoin ETF could be next as prices begin to rise as a result of this speculation retail investors will jump on board that rocket ship pushing prices up even higher and if there’s lots of demand for the altcoin ETFs listed at that time you can bet that asset managers will be rushing to file ETF applications for every major altcoin in existence however lots of demand is crucial if it doesn’t materialize rather like what happened when the spot ethereum ETFs launched last year then sentiment could turn sour very quickly and the altcoins in question could tank in price as a result and this is what makes these altcoin ETFs a somewhat risky proposition they could open the flood gates to a wave of capital or they could reveal that there wasn’t really that much demand for altcoins in any form from The Wider investing public and there’s a definitive sense that this could be an all or nothing scenario let’s hope it’s the former in some then spot altcoin ETFs could be the spark needed to get altcoins moving but obviously it looks like this is going to take a few months and there will need to be a real demand for prices to rise in the meantime we’ll be trying to get over the fact that it could paradoxically be the SEC that kickstarts at all what a lot can happen in crypto in just a few months hey folks okay guys if you enjoyed that video then you’ll love this one right over here and if you’re not subscribed to the channel yet you can do that right over here that’s me for now I’ll see you in the next one cheers
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