Solana ETF Approval Odds Skyrocket to 90% According to Bloomberg Intelligence
Big news for crypto investors! The potential for a Solana ETF to hit the US market just got a significant boost. According to Bloomberg Intelligence, the chances of US regulators approving a fund holding the Solana cryptocurrency are now looking extremely favorable for 2025.
What Did Bloomberg Intelligence Say About Solana ETF Chances?
In a recent update on April 30, Bloomberg Intelligence analysts significantly raised their estimated odds for a Solana ETF approval. The new projection stands at a high 90% likelihood for approval sometime in 2025. This marks a notable increase from their previous forecast in February, where they had placed the odds at 70%.
This isn’t just about Solana. The positive outlook extends to other digital assets as well. The analysts also improved their estimates for other proposed Altcoin ETFs, including those for XRP and Dogecoin (DOGE). While specific new percentages for XRP and DOGE weren’t detailed in the same update, the sentiment is clearly more optimistic across the board for certain altcoins.
Why Are Altcoin ETF Odds Improving?
The improved outlook for Altcoin ETFs appears to stem from several factors influencing the regulatory landscape in the US:
- Increased Filings: There’s been a wave of applications from asset managers seeking approval for various Crypto ETFs beyond just Bitcoin and Ethereum. As of April, dozens of applications for altcoin funds were reportedly awaiting review by the SEC.
- Evolving Regulatory Climate: The current political environment seems to be contributing to a potentially softer stance on crypto regulation from the SEC.
- CME Futures Listing: A key development highlighted by market observers is the listing of Solana futures contracts on the Chicago Mercantile Exchange (CME) in March. Listing on a regulated futures exchange is often seen as a precursor or positive signal for potential ETF approval, as it provides a regulated market for price discovery and hedging.
Who is Waiting for SEC Approval?
Several prominent asset managers have already filed applications with the SEC for Solana ETFs, XRP ETFs, and DOGE ETFs. According to Bloomberg data:
| Cryptocurrency | Number of ETF Filings | Notable Filers |
|---|---|---|
| Solana (SOL) | 6 | Grayscale, VanEck, 21Shares |
| XRP (XRP) | 6 | (Filers not specified in source, but same count as SOL) |
| Dogecoin (DOGE) | 3 | Including a recent Nasdaq filing for a 21Shares fund |
The SEC has a deadline of October to review the current batch of proposed Altcoin ETFs, though analyst timelines suggest the process could extend into 2026.
What Does This Mean for Crypto Investors?
The significantly increased odds for a Solana ETF approval, as estimated by Bloomberg Intelligence, signals growing confidence among market analysts that regulated investment products for altcoins are becoming more likely in the US. While approval is not guaranteed and the SEC’s review process can be lengthy, the shift from 70% to 90% is a substantial indicator of changing perceptions regarding regulatory hurdles and market readiness for altcoin exposure through familiar ETF structures.
Conclusion: A Bullish Signal for Altcoins?
The latest assessment from Bloomberg Intelligence provides a strong positive signal for the potential introduction of Solana ETFs and potentially other Altcoin ETFs in the US market. With numerous asset managers filing applications and factors like the CME futures listing providing potential tailwinds, the path towards regulated altcoin investment products appears to be clearing. Investors interested in gaining exposure to cryptocurrencies like Solana, XRP, and Dogecoin through traditional brokerage accounts will be closely watching the SEC’s decisions in the coming months.
