$SOL Crypto ETFs Near Approval as SEC Signals Pro-Crypto Shift

AI Summary

According to Cointelegraph, the likelihood of U.S. regulators approving a wave of crypto exchange-traded funds (ETFs) is now a near certainty, indicating a continued pro-crypto shift at the Securities and Exchange Commission (SEC). Bloomberg analysts Erich Balchunas and James Seyffart have raised their odds for the vast majority of crypto ETF approvals to “90% or higher,” citing “very positive” engagement from the SEC. The analysts also suggested that the SEC “likely” views cryptocurrencies such as Litecoin (LTC), Solana (SOL), XRP (XRP), and Dogecoin (DOGE) as commodities, a designation that would place them outside of its immediate jurisdiction.