Excitement is building around the possibility of U.S. regulators approving a spot Solana ETF, potentially as early as this summer.
The possibility of U.S. regulators approving a spot Solana ETF, potentially as early as this summer, has been generating excitement and anticipation.
Bloomberg’s senior ETF strategist, Eric Balchunas, has dramatically upped his prediction of the chances of the approval to 90% from 50% last month, signaling what could be the beginning of a broader wave of altcoin-based ETFs.
Balchunas suggested that other assets like XRP and Litecoin may also benefit from the shift, especially if staking is included in upcoming fund structures – a new feature that wasn’t present in earlier proposals.
The market is already responding. Solana surged above $164, posting a daily gain of over 3.6%, while trading volume spiked 52% to $5.7 billion.
Growing institutional interest is helping fuel the momentum, with Société Générale-FORGE recently announcing plans to issue a dollar-pegged stablecoin on Solana’s network.
The prospect of regulated altcoin ETFs could mark a significant turning point in U.S. crypto policy, broadening investor access and cementing Solana’s role as a major player in the next phase of crypto adoption.
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