Summary
- It was stated that the US regulatory authorities have a 90% chance of approving Solana (SOL) and Litecoin (LTC) spot ETFs within the year.
- The XRP ETF and Dogecoin (DOGE) ETF are reported to have approval chances of 85% and 80%, respectively.
- The inauguration of Paul Atkins as the new SEC chairman was evaluated as a major factor increasing the approval chance of the Solana ETF.
There is an analysis that the US regulatory authorities have a 90% chance of approving Solana (SOL) and Litecoin (LTC) spot Exchange Traded Funds (ETFs) within the year.
Eric Balchunas, Bloomberg's senior ETF analyst, stated on the 30th (local time) via X that "there is a 90% chance of Solana and Litecoin ETFs being approved within the year." The approval chances for XRP ETF and Dogecoin (DOGE) ETF were presented as 85% and 80%, respectively.
What stands out is the approval chance of the Solana ETF. Initially, Bloomberg Intelligence had set the approval chance for the Solana ETF at 70% in February this year. It is interpreted that the approval chance for the Solana ETF has been significantly raised considering the inauguration of Paul Atkins, the new chairman of the US Securities and Exchange Commission (SEC), who is classified as a pro-crypto asset figure. Chairman Atkins had announced the easing of crypto asset regulations immediately after taking office.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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