$SOL The probability of approval for spot ETFs of Solana and Litecoin in the United States has increased to an impressive 90% this year, according to Eric Balchunas, senior ETF analyst at Bloomberg.

This bullish forecast marks a significant evolution in the SEC's approach following its historic green light for spot Bitcoin ETFs in early 2024.

Eric Balchunas and James Seyffart from Bloomberg have pointed out that both Solana and Litecoin meet the regulatory and market criteria that previously opened the door for Bitcoin-based products.

Their analysis suggests that these two digital assets, despite representing very different technical philosophies, have equally strong arguments for being institutional-grade investment vehicles.

Solana, known for its high-performance blockchain architecture designed to power decentralized applications at scale, has quickly become a central component of many DeFi and NFT ecosystems.

Litecoin, often referred to as "the silver to Bitcoin's gold," has a decade-long track record of reliable performance and network stability that regulators find reassuring.

The SEC's apparent willingness to approve regulated products tracking these assets signals a broader interpretive shift towards treating prominent cryptocurrencies as commodities.