Bloomberg analyst raises the chances of LTC and Sol ETF approvals to 90 %

Since the expectation is built through the encryption market that the trading funds will receive in the ALTCOIN exchange (ETFS) from the American Securities and Stock Exchange Committee (SEC), the Bloomberg analyst James Sefart raised the possibilities that occur.

According to his recent expectations, the chances of investment funds circulated in Solana (Sol) and Litecoin (LTC) are a 90 % bright green platform.

Approval possibilities

The analyst participated in the updated expectations on June 10 x mail. XRP is not far from 85 %, followed by Dogecoin (DOGE) by 80 %. Other symbols, such as Cardano (ADA), Polkadot (Dot), HEDERA (HBAR), and Avalanche (Avax), sit 75 %.

SEC was reviewed actively for Solana Solana Etfs. According to a report From Blockworks, it was reported that the agency asked the exporters to provide updated S1 registration models next week with plans for review and comment on deposits within 30 days.

The sources, who were martyred, said that she requested to explain how they would deal with extracts and in -kind summaries. These updates indicate that SEC is now more open to allowing roaming as part of the Solana ETF structure. One of the sources estimated that these changes can accelerate the process, and perhaps put investment cars on the correct path to agree to it within the three weeks to the next five.

There are many major companies in the race to launch Solana ETF, including Grayscale, Vaneck, 21shares, Canary Capital, BitWise and Franklin Templeton.

Sever said in note that the financial financial agency may begin to review its 19b4 files sooner than expected, especially those that involve fatigue. He added that the exporters are likely working with SEC and its Crypto’s CRYPTO team to control the details.

The expert says that the delays are normal

The organizer officially admitted the GrayScale Solana ETF suggestion in February. However, it later delayed its decision in May, noting the issues that were not resolved. Recently, the agency has also postponed the decisions regarding proposals from BitWise and 21shares. This was due to the need for more time to study technical and legal aspects and protect the investor.

Comment on this trend, Bloomberg analyst He said Such a delay is expected in the approval process. He explained that if the Supreme Education Council might illuminate any boxes in Altcoin early, this will not happen before late June or early July. According to him, the timeline will be the most realistic time in the fourth quarter of 2025.

While the United States market is awaiting, other countries are determined. In August 2024, Brazil moved forward with the first Solana ETF spot presented by QR Asset, with a similar product from Hashdex shortly after.