According to Cointelegraph, Bloomberg Intelligence has raised the probability of Solana ETF being approved in 2025 to 90%. The probability of approval for other altcoin ETFs, such as XRP and Dogecoin, has also increased.
As of April 30, six asset managers, including Grayscale, VanEck, and 21Shares, are awaiting approval from the U.S. Securities and Exchange Commission (SEC) for the Solana ETF. ETFs for XRP and DOGE are also awaiting approval.
U.S. President Donald Trump has worked to soften the SEC’s regulatory stance on cryptocurrencies since taking office in January. The Chicago Mercantile Exchange has listed Solana futures contracts, indicating that approval of a Solana ETF could be imminent.
