Bloomberg raises Solana ETF approval chances to 90%

Bloomberg Intelligence has raised its forecast for the approval of a Solana (CRYPTO:SOL) exchange-traded fund (ETF) to 90% by 2025, according to an update shared on April 30.  

The new projection is a significant increase from the 70% approval estimate Bloomberg gave earlier in February.  

Alongside Solana, Bloomberg analysts also improved the approval odds for other altcoin ETFs, including those for XRP and Dogecoin.  

Eric Balchunas, a Bloomberg analyst, shared the revised figures in a post on the X platform, noting that the chances for these funds had strengthened.  

Previously, Bloomberg estimated a 65% chance of approval for XRP ETFs and a 75% chance for Dogecoin ETFs.  

As of late April, six asset managers, including Grayscale, VanEck, and 21Shares, are awaiting approval from the US Securities and Exchange Commission (SEC) to launch ETFs holding Solana.  

Similarly, the same number of firms are waiting for approval to list XRP ETFs, while three issuers seek approval for Dogecoin funds.  

The SEC has until October 2025 to review these ETF filings.  

This surge in filings is part of a larger trend of growing interest in altcoin ETFs.  

The SEC has seen an influx of applications, with up to 70 crypto ETFs under review as of April.  

These filings align with efforts by US President Donald Trump’s administration to shift the SEC’s regulatory approach to cryptocurrencies.  

In March, the Chicago Mercantile Exchange (CME) launched futures contracts tied to Solana, which further boosts the likelihood of Solana ETF approval.  

"The CME listing could signal that ETF approvals are next for Solana," remarked Chris Chung, founder of Solana-based platform Titan.

"The timeline could extend into 2026 due to the SEC’s precedent of taking 240–260 days to review filings," mentioned Bloomberg analyst James Seyffart. However, the SEC’s typical review process could extend approval timelines into 2026.

At the time of reporting, the Solana price was $149.36.