Bloomberg senior ETF analyst Eric Balchunas stated that unless a big collapse happens, the altcoin-related exchange-traded funds (ETF) awaiting approval will make crypto “pretty wild.”

He shared that 14 altcoin-related ETFs await approval by the US Securities and Exchange Commission (SEC) in the next 12 months, including funds giving exposure to Solana (SOL), XRP, Hedera (HBAR), Litecoin (LTC), baskets of assets, and Bitcoin (BTC) and Ethereum (ETH) simultaneously.

Additionally, Balchunas expects the list of altcoin ETFs to triple in size in the next two months.

Favorable environment

Following President Donald Trump victory in the US elections, ETF Store CEO Nate Geraci predicted that several spot crypto ETFs would be listed. He stated:

“Assume multiple issuers were highly prepared for election results. No downside to getting aggressive now.”

Asset managers registered three new ETF listings since Geraci’s publication. On Nov. 12, Canary Capital filed for an HBAR ETF, which surprised some market analysts, given the expectation that issuers would choose more prominent crypto among the 50 largest by market cap.

Moreover, Bitwise registered a SOL trust in Delaware on Nov. 21, and five days later, NYSE filed to list the asset manager’s mixed BTC and ETH ETF.

Bloomberg ETF analyst James Seyffart believes that the SEC will likely approve Solana-related ETFs within two years. However, he added that the current administration could “very easily” fail to acknowledge these ETFs.

Seyffart highlighted that this had already happened in August when the Cboe removed the 19b-4 Form filing to list VanEck and 21Shares’ Solana ETFs registered in July.

Meanwhile, the Litecoin ETF filed by Canary in October has a higher chance of approval. Alex Thorn, head of research at Galaxy Digital, previously told CryptoSlate that the LTC launch is often considered fair, given the absence of a pre-mine or token sale.

Although the SEC’s position remains unclear, Thorn believes the regulator is unlikely to label LTC as a security.

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