Bloomberg Intelligence analysts have significantly increased the estimated odds of the U.S. Securities and Exchange Commission (SEC) approving a Solana (SOL) ETF in 2025, raising it to 90% as of April 30. This reflects a more optimistic outlook compared to their February analysis, which estimated the odds at 70%.
The analysts have also increased the estimated approval probabilities for other altcoin ETFs, including XRP and DOGE. Several asset managers, such as Grayscale and VanEck, are awaiting SEC clearance to list Solana ETFs. Similarly, multiple issuers are seeking approval for XRP ETFs, while others are pursuing DOGE funds.
The SEC has until October to review these proposed funds. As of April, approximately 70 crypto ETFs are under SEC review. In March, the Chicago Mercantile Exchange (CME) listed futures contracts tied to Solana, marking a significant step in the integration of Solana into traditional financial markets.