Excitement is building around the possibility of U.S. regulators approving a spot Solana ETF, potentially as early as this summer.
Bloomberg’s senior ETF strategist, Eric Balchunas, has dramatically increased his estimate to a 90% likelihood, signaling what could be the beginning of a broader wave of altcoin-based ETFs.
Balchunas suggested that other assets like XRP and Litecoin may also benefit from the shift, especially if staking is included in upcoming fund structures — a new feature that wasn’t present in earlier proposals.
The market is already responding. Solana surged above $164, posting a daily gain of over 3.6%, while trading volume spiked 52% to $5.7 billion.
Growing institutional interest is helping fuel the momentum, with Société Générale-FORGE recently announcing plans to issue a dollar-pegged stablecoin on Solana’s network.
The prospect of regulated altcoin ETFs could mark a significant turning point in U.S. crypto policy, broadening investor access and cementing Solana’s role as a major player in the next phase of crypto adoption.
As digital assets continue to dominate financial headlines, traders are closely watching which coins are gaining the most momentum.
New data from Santiment highlights major differences in token distribution among top cryptocurrencies, revealing critical insights for traders monitoring whale influence.
Zak Cole, a prominent Ethereum core developer, has unveiled a bold new initiative aimed at significantly expanding the Ethereum ecosystem and driving the price of ETH to $10,000.
According to a new report by CryptoQuant, Chainlink (LINK) is locked in a prolonged accumulation phase between $12 and $15, driven by aggressive whale behavior amid muted retail participation.