The analyst predicts “Summer Altcoin-ETF”: Solana can lead a wave

Already in July Sec It can approve of the Cryptocurrency Background, and followed by Solana -based funds. Such a forecast voiced the senior stock exchange Bloomberg analyst Eric Balchunas.

Get Ready for a Potential Alt Coin etf Summer with Solana Likely Likely Leading The Way (As Well As Some Basket Products) Via @jseyff Note this morning Wich Includes Fresh. pic.twitter.com/umzih4ou7

– Eric Balchunas (@ericBalchunas) June 10, 2025

“Prepare for the potential summer of Altcoin-ETF, whose leader is likely to become Solana,” he wrote.

According to Blockworks with reference to its own sources, the regulator invited the potential issuers of SOL-ETF for the updated S-1 forms.

According to the interlocutors of the publication, SEC has promised to comment on the submitted applications within 30 days. After updating the documents, the regulator may make a decision within three to five weeks.

Another Bloomberg analyst James Seyfthart has confirmed that such a scenario is possible, although it does not expect a decision from SEC before October.

In their note, Balchunas and Seyfthart noted that the commission could speed up the consideration of applications for Solana-ETF and stinging funds through the attempts by Rex Financial to launch similar products bypassing the regulator.

According to analysts, after registration of the first spot ETF on Solana will begin “bench” new applications for altcoin products. The probability of approval by the end of the year for assets on the basket of Solana and Litecoin assets they estimate in 90%, and for XRP – 85%.

However, Balchunas stressed that there is no need to expect a rush similar to spot bitcoin-ETFs.

“It would be a great good luck to attract a billion for Solana – the same thing applies to XRP,” he said in a comment for The Block.

We will remind that the assets of the largest ETF IBIT from Blackrock exceeded $ 70 billion for 341 trading day – a record among all exchange funds.

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