Over 90% Approval Probability for Solana and XRP Spot ETFs, ETF Experts Praise SEC's Positive Stance

Bloomberg ETF experts Eric Balchunas and James Seyffart announced on the 21st via social media that they have raised the approval probability for altcoin spot ETFs to over 90%. They regard the proactive involvement of the SEC (U.S. Securities and Exchange Commission) as a very positive sign.

Specifically, they predict a 95% chance for Solana, XRP, and Litecoin, and a 90% chance for Dogecoin, ADA, and Avalanche.

Last week, following a request from the SEC, several asset management firms submitted revised S-1 documents for a Solana spot ETF. Among these firms were Franklin Templeton, Galaxy Digital, and VanE...