On February 11th, COINOTAG News reported insights from Bloomberg’s Digital Asset Analyst, James Seyffart, and Senior ETF Analyst, Eric Balchunas, regarding the likelihood of approval for several cryptocurrency ETF applications. Among these, the Solana ETF has garnered significant attention, with analysts estimating a 70% chance of its approval by the U.S. Securities and Exchange Commission (SEC) by the deadline of October 10, 2025. This optimism follows the SEC’s recent acceptance of Grayscale’s 19b-4 application, marking a notable shift from the stringent stance previously held under former SEC Chairman Gary Gensler.
Although the Solana ETF holds promise, analysts suggest that Litecoin (LTC) may well be the first altcoin to secure an ETF approval. With a current market position as the 17th largest cryptocurrency, Litecoin’s probability of receiving the green light stands at an impressive 90%. This favorable outlook is attributed to its classification as a Commodity by the SEC, aligning it closely with Bitcoin’s regulatory framework and enhancing its approval prospects.
Source: https://en.coinotag.com/breakingnews/solana-etf-approval-probability-reaches-70-insights-from-bloomberg-analysts-on-the-future-of-cryptocurrency-investments/