90% Chance of Solana & Litecoin ETFs in 2025? Bloomberg's New Crypto Prediction Shocks Markets

Bloomberg Intelligence just dropped a big prediction that's turning heads in the crypto space. There's now a 90% chance that spot ETFs for Solana (SOL) and Litecoin (LTC) could be approved in 2025.

Bloomberg Intelligence is placing a 90% chance that either Litecoin (CRYPTO: LTC) or Solana (CRYPTO: SOL) could see spot ETFs approved by the end of 2025, according to a new report by the intelligence firm. This prediction has generated significant buzz on social media.

Several major players, including Grayscale (NYSE:LIT), VanEck, 21Shares, and Franklin (NYSE:BEN) are among those who have filed for Solana ETFs. Meanwhile, Canary, Grayscale, and Coinshares have submitted filings for Litecoin ETFs. Both cryptocurrencies have advanced past the 19b-4 stage of acknowledgment from the Securities and Exchange Commission (SEC) and are awaiting a final decision from the regulator, which is expected later this year.

The SEC is known to prefer viewing both SOL and LTC as commodities, and they already have regulated futures contracts, two key criteria for ETF approval. Litecoin’s ETF application deadline is on October 2, followed by Solana’s on October 10.

Crypto expert MartyParty also highlighted Bloomberg's odds in a post.

"90% probability for $LTC and $SOL. 85% for $XRP. 80% for $DOGE and $HBAR. 75% for $DOT, $ADA and $AVAX."

ETF News: @BloombergIntelligence has presented its rating of the chances of crypto ETF approvals in 2025

▪️ 90% probability for $LTC and $SOL

▪️ 85% for $XRP

▪️ 80% for $DOGE and $HBAR

▪️ 75% for $DOT, $ADA and $AVAX

— Marty (Crypto Party) (@Marty_Part32) April, 2024

Solana Breakout in Sight?

This ETF news comes amid speculation about a potential breakout in Solana’s chart, with analysts noticing a Bollinger Band squeeze forming on the 4-hour chart.

Analyst Ali notes that Solana’s price has been contained in a very tight band on the 4-hour chart, bouncing between the $144 support and $152 resistance levels. This follows a previous move from $128 to $158 in a steeper structure from April 18 to April 25. The squeeze signifies lower volatility and is usually followed by a swift move in one direction or the other.

Chart: TradingView

“Volume will be key to confirm the size and direction of the move. Greater volume on the breakout candle will generate a larger move. An upside breakout above $152 would generate further gains, while a breakdown below $144 could cause a steeper decline.”

Solana Technicals and Regulatory Factor

The bullish technical formations, combined with optimistic ETF predictions, place Solana in a critical market position. As regulatory decisions loom and technical indicators converge, crypto traders and institutional investors are keenly following developments on both fronts.

If either LTC or SOL secures ETF approval in 2025, it would be a major step toward expanding altcoin market access for institutions.