The U.S. Securities and Exchange Commission (SEC) may be getting ready to approve a new group of cryptocurrency ETFs, this time involving XRP, Dogecoin (DOGE), and Cardano (ADA). According to top analysts from Bloomberg, the chances of these altcoin spot ETFs being approved by the end of 2025 are now 90% or higher.

This marks a big change in how U.S. regulators view altcoins, which were previously seen as too risky for traditional financial products. Until now, only Bitcoin and Ethereum had spot ETFs approved in the United States.

Bloomberg Analysts Raise Odds to 90%

Bloomberg’s well-known ETF analysts, Eric Balchunas and James Seyffart, made the announcement through a recent update on social media. They explained that the SEC is now more engaged than ever with asset managers trying to launch altcoin-based ETFs.

James Seyffart stated, “We’re raising our approval odds for most altcoin ETFs to 90% or more.” This includes XRP, Dogecoin, and Cardano—all of which now have strong chances to be listed as regulated investment products before the end of the year.

This comes less than two weeks after earlier projections showed lower probabilities. The rapid increase shows how quickly the regulatory environment is shifting.

A Positive Signal From the SEC

The SEC’s recent interactions with ETF issuers are being viewed as a strong sign of approval. Instead of rejecting proposals, the agency is now asking issuers to update and improve their filings, a step that usually comes just before official approval.

This was the case recently with Solana ETF applications, where the SEC requested updated S-1 forms. This typically means they are reviewing the final details before making a decision.

Other altcoins like Litecoin, Polkadot, Avalanche, and Solana are also believed to have high approval odds, creating momentum for a broader acceptance of non-Bitcoin cryptocurrencies in the ETF space.

New Leadership Sparks Optimism

One major reason for this shift may be the change in leadership at the SEC. Since April 2025, Paul Atkins has taken over as chair of the agency, replacing Gary Gensler.

Atkins is known for being more open to digital assets. Under his leadership, the SEC is seen as more cooperative and forward-looking, especially regarding how cryptocurrencies fit into the traditional financial system.

Bloomberg analysts believe this leadership change is playing a big role in the growing support for altcoin ETFs.

What This Means for the Crypto Market

If these ETFs get approved, it would open the doors for major institutional investors to buy XRP, DOGE, ADA, and other altcoins through regulated platforms. This kind of access can lead to higher prices, more liquidity, and increased legitimacy for these projects.

Approval of spot ETFs also means projects would have to improve their transparency and governance, making them more appealing to both retail and professional investors.

Moreover, such ETFs would lower the barrier to entry for average investors who want to gain exposure to crypto without dealing with wallets, exchanges, or custody solutions.

U.S. Catching Up With Global Crypto Trends

The SEC’s new stance also comes as other regions, like Europe and Hong Kong, have moved ahead with crypto regulations and institutional offerings. The U.S. may now be trying to catch up and reclaim leadership in the digital finance space.

Four upcoming crypto regulation roundtables are planned in the U.S., which could provide more clarity and structure for future crypto projects and financial products.

The Road Ahead

Approvals for altcoin spot ETFs would mark a major turning point for the crypto industry in the U.S. After years of legal uncertainty and cautious regulation, the tide may finally be turning in favor of innovation and accessibility.

If the SEC follows through with its new tone and finalizes approvals for XRP, Dogecoin, Cardano, and others, it could spark a new wave of adoption and investment—not just in the U.S., but globally.

For now, all eyes are on the SEC and its next moves. With Bloomberg analysts placing 90% confidence in altcoin ETF approvals by year-end, 2025 could be the year altcoins truly go mainstream.