$SOL

Eric Balchunas believes the Solana ETF has a 90% probability of success.


- Main: Solana is well positioned to lead the way for cryptocurrency ETFs to be approved by the SEC, staking integration is being discussed.


large-scale crypto-index ETFs are expected to receive the SEC's decision on July 2, there is a high probability of approval.

The MACD and RSI indicators show that #Solana is gaining momentum, suggesting a likely continuation of the short-term price rise.

Bloomberg #ETF analysts believe that the U. S. Securities and Exchange Commission (SEC) may begin approving altcoin-based exchange-traded funds (ETFs) as early as next month. According to Eric Balchunas at X, his colleague James Seyffarth of Bloomberg said ETFs tracking common crypto indices could get approval by early July.

A number of issuers, including Grayscale and Bitwise, have already filed applications with the SEC for ETFs offering broad exposure to digital assets. The SEC has until July 2 to respond to those filings. Bloomberg Intelligence estimates the probability of approval for the Solana and Litecoin ETFs at 90%, and the #XRP ETF at 85%.

Solana-based ETFs could be among the first to get approval if the SEC starts approving altcoin funds. Balchunas wrote that a summer of altcoin ETFs is gearing up, and Solana is likely to be at the top of the list. This comes amid reports that the SEC is in talks with issuers to update documents for Solana ETFs.

Early discussions between ETF applicants and the SEC are focused on the technical aspects of incorporating Solana steaking into the fund's structure.

Discussions are underway regarding the nuances of utilizing Solana Stacking in the ETF, he said.

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June 11, 2025 at 4:02 PM
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