Bloomberg ETF analyst Eric Balchunas predicted the approach of the approval season for exchange-traded funds for altcoins ("Altcoin ETF Summer"), with the fund based on Solana likely to be the first to receive approval for the creation of a spot ETF fund.
According to data from Bloomberg Intelligence analysts, the probability of approval for the Solana-based fund is 90%, with a similar figure for Litecoin, while XRP's figure is slightly lower at 85%.
