Solana has the edge in the crypto ETF race: Bloomberg Intelligence
“Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way.”
New crypto ETFs might materialize sooner than previously anticipated, according to analysts. Bloomberg Intelligence’s James Seyffart gave Solana ETFs a 90% chance of approval, the odds-on favorite for being the first to receive the SEC’s green light.
“Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via @JSeyff,” Bloomberg analyst Eric Balchunas wrote in a post, which also included Seyffart’s note saying the SEC might approve ETFs tracking broad crypto indexes in July.
Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via @JSeyff note this morning which includes fresh odds for all the spot ETFs. pic.twitter.com/UMzih4oou7
— Eric Balchunas (@EricBalchunas) June 10, 2025
“The agency also may act early on spot Solana and staking ETF filings in response to Rex-Osprey’s attempt [to] use regulatory legal workarounds to launch Solana and Ether staking products,” Seyffart wrote.
Seyffart also put the odds of a litecoin ETF approval at 90%. Meanwhile, an XRP ETF has an 85% chance of approval, while dogecoin and Hedera funds have an 80% chance of approval.
Lower down the list, Seyffart gave cardano, polkadot, and Avalanche ETFs a 75% chance of approval. As of April, there were more than 70 altcoin ETF filings, and the list has continued to grow.
