Bloomberg Expert Ups Likelihood of SOL and LTC Spot ETF Approvals to 90%

Bloomberg analyst James Seyffart has reportedly increased the probability of Solana (SOL) and Litecoin (LTC) spot exchange-traded funds (ETFs) receiving approval by the U.S. Securities and Exchange Commission (SEC) to 90%. The SEC has been reviewing spot Solana ETF proposals and has asked issuers to submit updated registration forms, indicating a potential openness to staking as part of the ETF structure.

Seyffart speculated that these changes could see the ETFs approved within three to five weeks. Despite previous delays, Seyffart suggested that if any altcoin ETFs were to be approved, it would likely not be before late June or early July, with a more realistic timeline being the fourth quarter of 2025. Meanwhile, other countries such as Brazil have already launched their first spot Solana ETFs.