Bloomberg analysts predict a 'summer of altcoin ETFs,' starting with Solana. The probability of approval for a Solana ETF has risen from 70% to 90%. Experts, who previously predicted the launch of a Bitcoin ETF in 2024, expect the process to accelerate. Applications for ETFs have been submitted to the SEC for Litecoin (90%), XRP (85%), Dogecoin (80%), and other altcoins. Many issuers, such as Fidelity and Grayscale, are preparing to launch a Solana ETF. The review deadlines for the application expire in October, but there is a chance of approval earlier — as soon as July, after the SEC clarifies the documents. In February, the Chicago exchange launched futures for SOL, which is seen as a positive signal for future ETFs. Experts believe that the SEC may expedite the procedure, considering the preparatory work of the market and interaction with the regulator. Overall, a busy season of altcoin ETF launches is expected this summer.$BNB$SOL$XRP
