Bloomberg was approved by 2025 with 90% chance of Solana ETF.

According to the Bloomberg Intelligence, the US Securities and Exchange Commission has a 90%chance of approving Solana ETF in 2025 and increased from 70%earlier this year.

The estimates shared by Eric Balchunas, Bloomberg ETF analyst on April 30, have increased the probability of approval for other ALTCOIN ETFs, including Dogecoin, XRP and Cardano.

Six asset managers, including GrayScale, Vaneck and Bitwise, were submitted to launch Solana ETF.

Bloomberg now provides a 85%chance of approval to the transfer token XRP, while Dogecoin and Cardano are 80%and 75%, respectively. This figure increased to 65%, 75%, slightly lower estimates earlier this year.

Polkadot, Hedera and Avalanche are also expected to receive more than 70%approval. Litecoin remains 90%unchanged in Bloomberg’s February prediction.

BALCHUNAS believes that SEC can treat many tokens as a product to increase the possibility of approval.

new: @Ricbalchunas And I looked at the submission of Spot Crypto ETF. We have a relatively high probability of approval. Mainly focused on Litecoin, Solana, XRP and Dogecoin.

The following is a table with a different probability and a detail. pic.twitter.com/xaxanxlb0m

-James Seyffart (@jseyff) February 10, 2025

Many asset managers have submitted to LTC, XRP and Solana ETF.

According to BALCHUNAS’s posts, six asset managers were submitted to Solana ETFS as of April 30. The bidding is GrayScale, Vaneck, 21Shares, Canary, Bitwise and Franklin.

Canary, GrayScale and Coinshares also applied for their own LITECOIN ETF. Meanwhile, six companies are bidding on their own. XRP ETF.

Grayscale, Bitwise and 21Shares also submitted their Doge ETF.

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