The excitement isn’t over yet though, as the market is awaiting the approval of altcoin ETFs. Important dates, plus the influence of well-connected experts, are currently driving these expectations. Basket-style crypto ETFs face a July 2025 deadline. Unlike multi-asset ETFs, approvals for single-asset ETFs could be granted much earlier, potentially creating greater demand for specific altcoins. Analysts are warning the effect on the altcoin market in general could be muted.
According to Bloomberg analyst James Seyffart, there’s a 90% chance we see a basket-style crypto ETF approved by July 2, 2025. Such an ETF would merely track an index of several different cryptocurrencies, providing investors with a diversified investment to the altcoin market. Seyffart points out that we could be looking at some early approvals by late June or early July. This recently approved development adds an additional, exciting layer of near-term speculation.
Single-Asset ETF Approval Windows
Follow the timeline for single-asset ETF approvals, which differs by cryptocurrency. For Solana (SOL), the final decision window would land in late Q4 2025. Litecoin (LTC) has a final fork window in October 2025, and XRP’s is trending towards November 2025. Dogecoin (DOGE) might receive a verdict as late as December 2025!
Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) all have a final approval window of November 2025. For his part, Seyffart says that there can be earlier approvals. He thinks Q4 2025 is a more realistic timeframe for these single-asset ETFs.
Potential Market Impact
That’s because the introduction of altcoin ETFs would make it easier to invest in those specific cryptocurrencies, massively leveraging up demand for their underlying assets. For investors, ETFs provide a highly regulated, low-cost, and convenient investment vehicle. This has made it more appealing to both institutional and retail investors who had been hesitant to directly hold altcoins.
The effect on the larger altcoin market could be mixed. If ETFs just target the bigger, more stable altcoins, the smaller-cap tokens don’t get a big lift. This would potently split the altcoin market in half. The impact is not uniformly distributed, with some assets enjoying a significant upsize from ETF inclusion while other assets remain relatively stagnant.
Cautious Optimism
Seyffart’s detailed analysis points to a more tempered interpretation of these altcoin ETF hopes. The demand for it, as we have established, is without question. The real effect is a wildcard, entirely dependent on several factors including which altcoins get the ETF approval and the general state of crypto market sentiment.
Their approval of basket-style ETFs in July 2025 may offer a more general boost to the developing altcoin market. Excluding smaller-cap tokens would greatly lessen the impact.
