Bloomberg Intelligence Boosts Solana ETF Approval Odds to 90%: What It Means for Crypto Investors
Introduction
The cryptocurrency market is buzzing with excitement as Bloomberg Intelligence recently revised its odds for a Solana (SOL) exchange-traded fund (ETF) approval in the US to a staggering 90%. This significant shift in sentiment comes amid a broader surge in altcoin ETF filings, signaling a potential turning point for institutional crypto adoption. But what’s driving this optimism, and how likely are we to see Solana ETFs hit the market by 2025?
Why Solana ETFs Are Gaining Traction
Bloomberg Intelligence’s updated forecast reflects growing confidence in Solana’s regulatory prospects. Here’s why analysts are increasingly bullish:
1. Regulatory Tailwinds Under the Trump Administration
Since taking office in January, President Donald Trump’s administration has taken a notably softer stance toward cryptocurrency regulation. This shift has emboldened asset managers to file for a wave of altcoin ETFs, including those tied to Solana, XRP, and Dogecoin. The SEC’s recent acceleration in reviewing crypto ETF filings suggests a more favorable environment for approval.
2. CME’s Solana Futures Listing Sets Precedent
In March 2025, the Chicago Mercantile Exchange (CME) launched Solana futures contracts—a critical development that often precedes ETF approvals. As Chris Chung, founder of Solana-based Titan platform, noted: “The listing on a regulated futures exchange like CME typically signals that ETFs could be next in line.” This move provides the SEC with a regulated market for price discovery, addressing one of their key concerns.
3. Growing Institutional Demand
Six major asset managers—including Grayscale, VanEck, and 21Shares—have filed for Solana ETFs as of April 30. This institutional interest mirrors the buildup to Bitcoin ETF approvals and suggests strong market demand for Solana exposure through traditional investment vehicles.
The Altcoin ETF Landscape: Beyond Solana
While Solana dominates headlines, Bloomberg’s analysts have also upgraded odds for other altcoin ETFs:
- XRP ETFs: Approval odds increased from 65% to 75%
- Dogecoin ETFs: Odds boosted from 75% to 80%
Notably, Nasdaq recently filed to list a 21Shares Dogecoin ETF, adding to the three DOGE funds already under SEC review. Meanwhile, six issuers await decisions on XRP ETFs, creating a crowded field of potential altcoin investment products.
Timeline and Potential Roadblocks
Despite the optimistic outlook, investors should temper expectations about immediate approvals. Bloomberg analyst James Seyffart cautions:
“The timeline could extend into 2026 due to the SEC’s precedent of taking 240–260 days to review filings.”
The SEC has until October 2025 to make initial decisions on many of these filings. Potential challenges include:
- Ongoing regulatory uncertainty about altcoin classification
- Market manipulation concerns in less liquid crypto markets
- Political shifts that could affect the SEC’s composition and priorities
Market Impact and Investor Takeaways
The crypto market has historically reacted positively to ETF-related developments. Solana’s price showed resilience following the CME futures launch, and further gains could materialize as approval odds improve. For investors:
- Diversification opportunities: A potential Solana ETF would provide easier access to one of Ethereum’s strongest competitors
- Institutional validation: ETF approval would signal regulatory comfort with Solana’s technology and tokenomics
- Market maturation: Multiple altcoin ETFs could dramatically expand crypto’s investor base
Conclusion: Preparing for the Altcoin ETF Era
The crypto investment landscape stands at an inflection point. With Solana ETF approval now viewed as highly probable and other altcoins gaining traction, 2025-2026 could mark the beginning of a new phase in digital asset adoption. While timing remains uncertain, the direction is clear: institutional crypto products are expanding beyond Bitcoin and Ethereum.
For forward-looking investors, this presents both opportunities and challenges. Monitoring SEC decisions, understanding each altcoin’s fundamentals, and maintaining a diversified approach will be key to navigating this evolving market. As the October review deadline approaches, all eyes will remain on regulators—and on Solana’s growing ecosystem.
