Bloomberg Intelligence has boosted its estimated odds of US regulators approving a Solana exchange-traded fund (ETF) in 2025 to 90%, in accordance to an April 30 publish on the X platform.
The corporate additionally set extra favorable probabilities of approval for different altcoin ETFs, together with proposed funds holding XRP (XRP) and Dogecoin (DOGE), Bloomberg analyst Eric Balchunas said in an X publish.
The estimates mirror an improved outlook from Bloomberg analysts. In a February analysis, Bloomberg pegged the odds of a Solana (SOL) ETF approval at solely 70%. They ascribed a 65% and 75% probability 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 looking for approval for DOGE funds, in accordance to Bloomberg information. The SEC has till October to overview and probably approve the proposed funds.
Associated: SEC acknowledges slew of crypto ETF filings as reviews, approvals accelerate
Altcoin ETF mania
Asset managers are looking for the SEC’s permission to list dozens of altcoin ETFs, with up to 70 crypto ETFs awaiting the company’s overview as of April.
The deluge of filings displays US President Donald Trump’s efforts to soften 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 to Chris Chung, founding father of Solana-based swap platform Titan, the itemizing on the regulated futures trade indicators that approvals for Solana ETFs could be next.
“[T]he timeline may lengthen into 2026 due to the SEC’s precedent of taking […] 240–260 days to overview filings,” Bloomberg analyst James Seyffart additionally said in a previous forecast.
In April, US securities trade Nasdaq requested regulators for permission to list a 21Shares ETF holding Dogecoin, including to the roster of DOGE funds awaiting a US public itemizing.
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