Bloomberg analysts predict a 70% probability of Solana ETF approval before October 10, 2025

On February 11th, James Seyfart, a digital asset analyst at Bloomberg, and Eric Balchunas, a senior ETF analyst, publicly announced their approval probability predictions for four cryptocurrency ETF applications, including the highly anticipated Solana ETF. According to Bloomberg analysts' assessment, Solana has a 70% chance of officially entering traditional financial markets before October 10, 2025 (the final ruling deadline of the US Securities and Exchange Commission (SEC)). Seyfart and Balchunas are optimistic because the SEC has recently officially accepted Grayscale's 19b-4 application, a crucial development that was never achieved under the leadership of former SEC Chairman Gary Gensler. Although the approval probability of the spot Solana ETF is as high as 70%, analysts believe that another smaller cap altcoin is more likely to land on Wall Street first - Litecoin (LTC). LTC currently ranks 17th in the global cryptocurrency market, and its ETF approval probability is assessed at 90%, mainly because the SEC has classified Litecoin as a commodity, similar to Bitcoin's regulatory positioning, making it more likely to be approved.