Bloomberg predicts “Summer Altcoin-Etf”

Already in July, the SEC can approve the spotal ETF based on the cryptocurrency basket, and then make a decision on SOLANA -based funds. Such a forecast was given by the senior exchange analyst Bloomberg Eric Balchunas.

Get Ready for a Potential Alt Coin Etf Summer With Solana Likely Leading the Way (AS Well as Some Basket Products) Via @Jseyff Note This Morning Which Includes Fresh Odds for All the Spot Etfs. pic.twitter.com/umzih4ou7

– Eric Balchunas (@ericbalchunas) June 10, 2025

According to BlockWorks from its own sources, the commission demanded that the potential issuers of the spot exchange SOL Funds provide updated S-1 forms.

According to the interlocutors of the publication, the regulator promised to comment on applications within 30 days. One of the sources admitted that after updating the forms of the SEC can approve the products in the next three to five weeks.

Bloomberg exchange analyst James Seyffart confirmed that such probability is not excluded, but he does not expect the agency’s decision before the beginning of October.

In the note, Balchunas and Seyffart noted that the regulator can intensify the consideration of applications on Solana-ETF and funds with staming function due to Rex Financial attempts to launch such products in the United States bypass ways.

After registering Sol-SOL-ETF, an avalanche of such products based on other altcoins will follow, analysts believe. According to them, the chances of obtaining approval before the end of the year in tools based on the SOLANA and LITECOin assets basket are 90%, in the XRP funds-85%.

Balchunas emphasized that he does not expect a demand for these products, comparable with interest in Bitcoin-ETF.

Recall that the assets of the largest IBIT exchange fund from BlackRock exceeded $ 70 billion for 341 trading days, which was the fastest result among all ETFs.

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