Crypto Experts Bullish on Altcoin ETFs in 2025: XRP, ADA, and SOL Set to Soar?
The crypto market's next big catalyst? Altcoin ETFs—and analysts are betting heavy on XRP, Cardano, and Solana making the cut.
Wall Street's late to the party (again), but the SEC's warming up to crypto like a boomer discovering Venmo. Here's what's brewing:
The ETF Gold Rush 2.0
Bitcoin ETFs smashed records. Now altcoins want their spotlight. Institutional money's circling—liquidity's coming, whether regulators like it or not.
XRP: The Legal Warrior
Ripple's courtroom wins could make it the 'safe' pick for skittish fund managers. Irony alert: the token once sued as a security now leading the institutional charge.
ADA & SOL: The Tech Play
Cardano's academic rigor vs Solana's speed demon rep—both offer narratives ETF issuers can sell to clients between martinis. Bonus: staking yields to hide from the IRS.
The Bottom Line
When BlackRock inevitably files a SOL ETF application, watch the market move faster than a trader dumping memecoins at 3AM. Just don't expect your financial advisor to understand any of it.
The Stepping Stone for Altcoin ETFs
Grayscale’s GDLC is a diversified trust holding Bitcoin (BTC), ethereum (ETH), XRP, Solana, and Cardano. Approval to convert it into a listed ETF would represent the SEC’s first go-ahead for a U.S. product holding these specific altcoins within the ETF wrapper.
Posting on X on June 30, Geraci argued that the regulator’s engagement, evidenced by the filing of an amended S-3 FORM just last Thursday, signals serious consideration.
He highlighted a regulatory loophole that allows up to 15% of ETF holdings to be private assets, with some issuers getting “creative” to exceed the limit.
With XRP, SOL, and ADA making up less than 10% of the GDLC portfolio, Geraci explained that excluding them WOULD be inconsistent with the 1933 Securities Act. He also believes the GDLC would provide a low-risk “test run” for the SEC before a “slow step into other assets.”
“Think *high likelihood* this is approved,” the analyst wrote. “Would then be followed later by approval for individual spot ETFs on xrp, sol, ada, etc.”
Regulatory Thaw
The anticipated clearance follows a series of pro-crypto developments in the United States. President Donald Trump’s embrace of the industry has emboldened asset managers, leading to a flurry of altcoin ETF filings since early 2025, including standalone applications for XRP, SOL, and ADA from firms like WisdomTree, 21Shares, and VanEck.
Grayscale itself has filed separate proposals to convert its XRP and SOL trusts into spot ETFs, an action that, until recently, would have been considered dead on arrival. In February, the SEC acknowledged the investment giant’s solana ETF proposal, a move Bloomberg analyst Eric Balchunas called “a baby step, but a notable development.”
Furthermore, one of the businesses connected to the president, Trump Media, now has some skin in the game after filing for a spot Bitcoin and Ethereum ETF, with Crypto.com as custodian.
Meanwhile, institutional demand for such products is surging, with spot BTC ETFs attracting more than $2.2 billion in inflows last week. This makes it seven straight weeks of net inflows and pushes the cumulative total to just under $50 billion per data from SoSoValue.
