Analyst predicts a 90% of Solana ETF; Here’s when we might see it

Bloomberg Senior ETF analyst Eric Balchunas has significantly raised the expectations for new crypto exchange-traded funds ( ETF ), predicting a 90% chance we might see a Solana ( SOL ) ETF this summer. His bullish outlook follows recent moves by the U.S. Securities and Exchange Commission (SEC) and NASDAQ to approve a number of new altcoin ETFs . Accordingly, Balchunas predicts other cryptocurrencies like Litecoin ( LTC ) and ( XRP ) may also benefit from the trend. Eric Balchunas’s altcoin ETF predictions. Source: X and Bloomberg New altcoin ETFs Should the SEC plans materialize, it would represent a historic expansion of regulated crypto assets in the U.S. and usher in what Balchunas calls an “Altcoin ETF Summer.” “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.” A notable feature under consideration is the inclusion of staking in Solana ETFs, which would be a major departure from earlier proposals. The effects of the potential approval and Bloomberg predictions have already begun to show. Solana gained 3.61% over the past 24 hours, trading at $164.77 at press time, while its daily trading volume has spiked nearly 52% to $5.7 billion. Solana 24-hour price chart. Source: Finbold.com Institutional interest in Solana likewise continues to grow, adding to the bullish momentum. French banking giant Société Générale-FORGE, for instance, has announced plans to issue its USD-pegged stablecoin to the blockchain. Featured image via Shutterstock The post Analyst predicts a 90% of Solana ETF; Here’s when we might see it appeared first on Finbold .

Source: Finbold