Analysts have increased the probability of ETF approval for major altcoins Solana (SOL), XRP, and Litecoin (LTC) to 95%, citing a crypto ETF summer as the reason. Bloomberg's ETF experts announced in a recent update that the chances for these altcoins have risen from 90%. The approval decisions by the US Securities and Exchange Commission (SEC) are expected by October, with anticipation of a basket ETF possibly approved sooner. Other altcoin ETFs, such as for Dogecoin, Cardano, and Polkadot, have a 90% chance of approval. Furthermore, the upcoming launch of the first staked Solana ETP in the US signifies a move towards broader crypto investment products. This advance comes amidst ongoing SEC deliberations regarding other crypto ETFs, emphasizing a burgeoning interest and potential regulatory acceptance in the cryptocurrency market.

Source đź”—