The SEC has classified proof-of-work cryptoassets as commodities, which opens doors for altcoin ETFs. This key ruling is expected to lead to multiple ETF approvals by Q2 2025, particularly for assets like Solana and XRP, increasing the attractiveness of altcoins.

Despite momentum towards pro-crypto regulations, there remains dissent from within the SEC, notably from Commissioner Caroline Crenshaw, who warns about potential loopholes in recent rulings. Nevertheless, the upcoming confirmation of Paul Atkins could position the SEC to approve more altcoin ETFs.