The ETF analyst pointed out the summer months for altcoins: "Be ready"

Bloomberg's senior ETF analyst Eric Balchunas stated that they expect altcoin ETF applications to be approved during the summer months. "Get ready for a possible altcoin ETF likely to happen, led by Solana," said Balchunas, adding that he thinks some basket products will also be approved and opened for trading.

On the other hand, in the information note prepared by Balchunas and another ETF analyst, James Seyffart, it was noted that Solana could be the next cryptocurrency to receive ETF approval. The analysts also added that ETFs tracking broad-based cryptocurrency indices could be approved within the next month.

Currently, there are seven different companies applying for a spot ETF for Solana. The U.S.-based publication Blockworks also recently reported that Solana spot ETFs could be approved within a period of 3 to 5 weeks.

ETF applications for more than 10 cryptocurrencies

So far, ETF applications have been submitted for more than 10 cryptocurrencies. Bloomberg analysts assign the highest probability of approval at 90% to Solana and Litecoin. They are followed by XRP with an 85% probability assessment. Dogecoin and HBAR are seen with an 80% probability, while Cardano, Polkadot, and Avalanche are given a 75% probability.

What is an ETF and why is it important?

ETF, known in Turkish as borsa yatırım fonu, refers to investment vehicles that allow investors to buy and sell cryptocurrencies on the exchange like a stock. ETFs make cryptocurrencies more accessible to institutional investors, thereby paving the way for new capital inflows into the market. At the same time, they have the potential to increase the general acceptance and value of altcoins.

Published: June 12, 2025 00:14