... making steps toward the industry. The regulator has updated exchange-traded fund listing standards: it is now possible to launch ETFs for cryptocurrencies on which futures have been traded for at least six months. This opens the door to the appearance of spot ETFs for several major altcoins — including XRP, Solana, and even Dogecoin — by this fall. Bloomberg analysts estimate the probability of such products being approved at about 85% in September-October 2025. Institutional investors continue to increase ...

... actively return to risk assets, including cryptocurrencies. Industry events will also play a key role. A potential final resolution regarding XRP, the launch of the first ETFs for major altcoins (Solana, XRP, etc.), and the long-anticipated approval of spot Bitcoin ETFs in the USA—all of these, alongside the realization of announced institutional projects (new crypto funds, integration of stablecoins by banks), could significantly bolster confidence in the market. With favorable developments, experts do not rule ...

... institutional investments, investors seeking "safe" assets amidst inflation risks, as well as favorable macroeconomic conditions marked by moderate global inflation. An additional driver comes from the anticipation of the launch of the first spot Bitcoin ETFs in the U.S., where several Wall Street financial giants have submitted corresponding applications, enhancing hopes for further legitimization of the crypto market. Recent regulatory clarity — including the enactment of the first federal law on ...

... recommends establishing a clear federal regulatory framework for cryptocurrencies and supporting innovation in this area. Key ideas include delineating regulatory powers to eliminate uncertainty, stimulating the launch of new investment products (including spot ETFs on various crypto assets), and even considering bitcoin's inclusion in state reserves as a store of value. While these proposals still need to be implemented, the fact that the highest levels of government are paying close attention to cryptocurrencies ...

... forming a clear federal regulatory framework for cryptocurrencies and supporting innovation in this area. Key ideas include delineating the powers of regulatory bodies to eliminate uncertainty, encouraging the launch of new investment products (including spot ETFs on various crypto-assets), and even considering including Bitcoin in state reserves as a means of preserving value. While these proposals are yet to be realized, the fact that the highest levels of government are paying close attention to cryptocurrencies ...