Bloomberg Intelligence has boosted its estimated odds of US regulators approving a Solana exchange-traded fund (ETF) in 2025 to 90%, in line with an April 30 publish on the X platform.
The corporate additionally set extra favorable possibilities of approval for different altcoin ETFs, together with proposed funds holding XRP (XRP) and Dogecoin (DOGE), Bloomberg analyst Eric Balchunas mentioned in an X publish.
The estimates replicate an improved outlook from Bloomberg analysts. In a February evaluation, Bloomberg pegged the chances of a Solana (SOL) ETF approval at solely 70%. They ascribed a 65% and 75% likelihood of approval to funds holding XRP and DOGE, respectively.
As of April 30, six asset managers — together with Grayscale, VanEck and 21Shares — are awaiting clearance from the US Securities and Trade Fee (SEC) to record ETFs holding the Solana blockchain community’s native cryptocurrency.
The identical variety of issuers are ready on approval for XRP ETFs, and three are searching for approval for DOGE funds, in line with Bloomberg information. The SEC has till October to evaluate and probably approve the proposed funds.
Associated: SEC acknowledges slew of crypto ETF filings as evaluations, approvals speed up
Altcoin ETF mania
Asset managers are searching for the SEC’s permission to record dozens of altcoin ETFs, with as much as 70 crypto ETFs awaiting the company’s evaluate as of April.
The deluge of filings displays US President Donald Trump’s efforts to melt the SEC’s regulatory posture towards cryptocurrencies since taking workplace in January.
In March, the Chicago Mercantile Trade (CME), the US’s largest derivatives trade, listed futures contracts tied to Solana.
In accordance with Chris Chung, founding father of Solana-based swap platform Titan, the itemizing on the regulated futures trade alerts that approvals for Solana ETFs may very well be subsequent.
“[T]he timeline may lengthen into 2026 as a result of SEC’s precedent of taking […] 240–260 days to evaluate filings,” Bloomberg analyst James Seyffart additionally mentioned in a earlier forecast.
In April, US securities trade Nasdaq requested regulators for permission to record a 21Shares ETF holding Dogecoin, including to the roster of DOGE funds awaiting a US public itemizing.
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