Eric Balchunas: get ready for a summer of altcoin ETFs📊
In July, the SEC may give the go-ahead to launch altcoin-based spot ETFs, as well as make a decision on Solana-related funds. That's the prediction made by Eric Balchunas, senior equity market analyst at Bloomberg.
Bloomberg Intelligence estimated the likelihood of ETF approval for each asset this year:
$SOL ETF - 90%
$LTC ETF - 90%
$XRP ETF - 85%
$DOGE ETF - 80%
$HBAR ETF - 80%
$ADA ETF - 75%
$DOT ETF - 75%
$AVAX ETF - 75%
$SUI ETF - 60%
According to information from Blockworks, the Commission has required potential issuers of spot SOL exchange-traded funds to submit updated Forms S-1.
The regulator has promised to respond within 30 days, the publication's sources said. One source suggested that once the forms are updated, the SEC could approve the products within the next three to five weeks.
