Bloomberg ETF Expert Predicts 'Nearly 100%' Approval Odds for Altcoin ETFs Under SEC Comprehensive Standards

Bloomberg ETF analyst Eric Balchunas stated on the 30th that the approval odds for altcoin cryptocurrency ETFs have become 'virtually 100%'.

With the introduction of the SEC's comprehensive listing standards for ETFs, the relevance of the 19b-4 application and its review deadlines has diminished, leaving only the formal approval of the S-1 application by the SEC's Division of Corporation Finance. Notably, the Solana (SOL) ETF, which has already submitted its fourth amendment application, 'could be approved at any time,' according to Balchunas.

Journalist Elenor Telett reported on the 30th that the U.S. Securities and Exchange Commission (SEC) has...