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.
Solana developers have introduced a new proposal aimed at pushing the network’s performance even further.
French banking giant Societe Generale has entered the crypto space more directly, forming a strategic partnership with 21Shares.
Toncoin is about to get a major institutional boost. The Ton Foundation and Kingsway Capital have teamed up on a bold initiative: raise $400 million to create a crypto treasury entity focused entirely on Toncoin.
The legendary trader who once turned a $7,600 investment into $25 million by betting on Pepe (PEPE) once it was on no one’s radar claims that this same meme coin could rise by 40X soon. This bullish Pepe price prediction was shared by James Wynn via his social media account on X – currently followed […]