比特币和Ether ETF发行人可能不必等待更长的时间就可以扩展到现货比特币和以太资金之外。

彭博ETF分析师Eric Balchunas和James Seyffart现在看到75％或更高的机会在2025年底之前，美国证券交易委员会（SEC）批准了一系列现货Altcoin ETF。

Crypto ETF issuers may not have to wait much longer to expand beyond spot bitcoin and ether funds.

加密ETF发行人可能不必等待更长的时间就可以扩展到现货比特币和以太资金之外。

According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, there is now a 75% or greater chance that the U.S. Securities and Exchange Commission (SEC) will approve a range of spot altcoin ETFs by the end of 2025.

根据彭博ETF分析师Eric Balchunas和James Seyffart的说法，现在美国证券交易委员会（SEC）有75％或更高的机会在2025年底之前批准了一系列现货Altcoin ETF。

Currently, eight separate proposals for spot funds are pending with the SEC, including ETFs linked to solana (SOL), litecoin (LTC), dogecoin (DOGE), XRP, cardano (ADA), avalanche (AVAX), polkadot (DOT), and hedera (HBAR). Among these, Balchunas and Seyffart believe that index and basket-style ETFs, which combine multiple cryptocurrencies, have the highest likelihood of approval, placing those chances at 90%.

目前，与SEC有关的八项单独的有关现货基金的建议，包括与Solana（Sol），Litecoin（LTC），Dogecoin（Doge），XRP，Cardano（Ada），Avalanche（Avax），Polkadot（Dot）和Hedera（Hbar）相关的ETF。其中，Balchunas和Seyffart认为，结合多种加密货币的指数和篮子式ETF具有最高的认可可能性，将这些机会置于90％。

The first crucial deadline arrives on July 2, when the SEC must respond to proposals submitted by firms like Grayscale, Bitwise, Franklin Templeton, and Hashdex for basket-style funds. Decisions on single-asset ETFs, such as SOL, DOGE, XRP, and ADA, are anticipated in October, while others will follow in November and December. These are the final deadlines, indicating that the SEC, which has previously postponed its verdict, will be obliged to issue final rulings.

第一个至关重要的截止日期将于7月2日到达，当时SEC必须对Grayscale，Bitwise，Franklin Templeton和Hashdex等公司提交的提案进行回应。预计将在10月做出有关单一资产ETF的决定，例如Sol，Doge，XRP和ADA，而其他人将在11月和12月进行。这些是最终的截止日期，表明以前已推迟其判决的SEC将有义务发表最终裁决。

Some issuers have expressed their intent to launch funds tracking smaller-cap tokens like SUI, Trump Coin (TRUMP), and Melania Coin (MELANIA), but these proposals have not yet progressed to the formal 19b-4 stage, which is necessary to initiate an SEC review.

一些发行人表示打算发起资金，跟踪Sui，Trump Coin（Trump）和Melania Coin（Melania）等较小帽子代币，但这些提议尚未发展为正式的19B-4阶段，这对于发起SEC审查是必要的。

Seyffart mentioned that SUI's chances appear to be comparable to those of the other altcoin filings. "I'll need to delve deeper for an official odds count, but I'd say it has similar prospects to the other altcoin ETFs," he stated.

Seyffart提到Sui的机会似乎与其他Altcoin申请的机会相媲美。他说：“我需要对正式的赔率进行更深入的研究，但我想说的是与其他Altcoin ETF相似的前景。”

The outlook for altcoin ETFs shifted significantly after U.S. President Donald Trump took office and appointed Paul Atkins, known for his pro-crypto stance, as chairman of the SEC.

在美国总统唐纳德·特朗普（Donald Trump）上任并任命以亲克莱普托（Crypto）立场闻名的保罗·阿特金斯（Paul Atkins）担任SEC主席后，Altcoin ETF的前景发生了重大变化。

Atkins recently told industry participants that innovation "has been stifled" and the existing regulatory framework "badly needs attention."

阿特金斯（Atkins）最近告诉行业参与者，创新“被扼杀了”，现有的监管框架“非常需要关注”。