Bloomberg Intelligence has boosted its estimated odds of US regulators approving a Solana exchange-traded fund (ETF) in 2025 to 90%, according to an April 30 post on the X platform.
The company also set more favorable chances of approval for other altcoin ETFs, including proposed funds holding XRP ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/xrp-price-index” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/xrp-price-index”>XRP) and Dogecoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/doge-price-index” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/doge-price-index”>DOGE), Bloomberg analyst Eric Balchunas data-ct-non-breakable=”null” href=”https://x.com/EricBalchunas/status/1917444433282490606″ rel=”null” target=”null” text=”null” title=”null”>said in an X post.
The estimates reflect an improved outlook from Bloomberg analysts. In a February data-ct-non-breakable=”null” href=”https://x.com/JSeyff/status/1889035896428663261″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://x.com/JSeyff/status/1889035896428663261″>analysis, Bloomberg pegged the odds of a Solana ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/solana-price-index” rel=”null” target=”null” text=”null” title=”https://cointelegraph.com/solana-price-index”>SOL) ETF approval at only 70%. They ascribed a…
