Author: Gino Matos, Cryptoslate; Compiled by: Five Baht, Golden Finance

Bloomberg senior ETF analyst Eric Balchunas said that unless there is a big crash, altcoin-related exchange-traded funds awaiting approval ( ETF) will make cryptocurrencies “pretty crazy.”

He shared that there are 14 altcoin-related ETFs awaiting approval from the U.S. Securities and Exchange Commission (SEC) in the next 12 months, including simultaneous investments in Solana (SOL), XRP, Hedera (HBAR), Funds for Litecoin (LTC), a basket of assets, and Bitcoin (BTC) and Ethereum (ETH).

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

After President Trump wins the U.S. election, ETF Store CEO Nate Geraci predicts that several spot cryptocurrency ETFs will be launched. "Assuming multiple issuers are well prepared for the election outcome, there's no harm in being aggressive now," he said.

Since Geraci's article, the asset manager has registered three new ETFs are listed. On Nov. 12, Canary Capital filed for an HBAR ETF, surprising some market analysts as the issuer was expected to choose a better-known cryptocurrency among the 50 largest cryptocurrencies by market capitalization.

Separately, Bitwise registered the SOL Trust in Delaware on November 21, and five days later, the New York Stock Exchange applied to list the asset manager’s hybrid BTC and ETH ETF.

Bloomberg ETF analyst James Seyffart believes the SEC could approve a Solana-related ETF within two years. However, he added that it would be “easy” for incumbents not to recognize the ETFs.

Seyffart stressed that this had already happened in August, when Cboe removed a Form 19b-4 application to list VanEck and 21Shares’ Solana ETF registered in July.

Meanwhile, Canary’s Litecoin ETF submission in October is more likely to be approved. Alex Thorn, head of research at Galaxy Digital, has previously noted that LTC’s issuance is generally considered fair due to the absence of a premine or token sale.

While the SEC’s position remains unclear, Thorn believes it is unlikely regulators willC is marked as a security.