Bloomberg analysts see 90% probability of US approving Solana ETF this year

Bloomberg analysts have published an updated forecast predicting which cryptocurrency ETFs will be approved next by the US Securities and Exchange Commission (SEC). They expect Litecoin and Solana exchange-traded funds to be approved in 2025 with a 90% probability.

XRP is slightly behind, with an estimated 85% chance of approval this year. Dogecoin funds follow with an 80% probability. ETFs on other cryptocurrencies, such as Cardano, have a 75% chance of receiving a positive decision from the SEC, according to analysts.

Overall, Bloomberg experts name Solana as the frontrunner in the race to launch an ETF in the US. This cryptocurrency could become the next major asset to have an exchange-traded fund, trailing only Bitcoin and Ethereum. Seven issuers have already filed applications for spot ETFs backed by Solana.