The revised forecast follows what the pair described as constructive discussions between the SEC and asset managers seeking to expand beyond Bitcoin.
The requested changes, submitted in mid-June, signal that the SEC is actively reviewing the structure and mechanics of these funds, further supporting expectations of eventual approval. The regulator intends to respond within 30 days, raising expectations of approval within the next four to five weeks.
With momentum building, fund issuers including Franklin Templeton have filed proposals for ETFs tied to other crypto assets like XRP and Solana. These applications are now open for public feedback as the SEC weighs its next moves.
Though Balchunas and Seyffart expect approvals, they cautioned that final green lights and market debuts could still be several months away.
