Solana ETF Approval Odds Soar as Wall Street Eyes Altcoin Season

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.

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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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.