Bloomberg Intelligence boosts Solana ETF approval odds to 90%
From Cointelegraph
April 30, 2025 5:47:00 pm:
Bloomberg Intelligence raises the odds of US regulators approving a Solana ETF in 2025 to 90%, with improved outlooks for XRP and Dogecoin ETFs as well. Six asset managers await SEC clearance for Solana ETFs, while the same number are seeking approval for XRP ETFs, with three for DOGE funds.
Asset managers are requesting permission for up to 70 altcoin ETFs, reflecting a softer regulatory stance on cryptocurrencies under President Trump. The Chicago Mercantile Exchange listed Solana futures contracts in March, signaling potential approvals for Solana ETFs. Nasdaq has also requested to list a 21Shares Dogecoin ETF, adding to the DOGE funds awaiting approval.
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1. Bitcoin price hits new record high of $64,000, driven by increased institutional interest and market optimism. Analysts predict continued growth as demand surges.
2. Ethereum network upgrade to reduce carbon footprint by 99%. This move towards sustainability aims to attract more environmentally conscious investors.
3. Dogecoin value spikes by 400% following Elon Musk’s tweet about the cryptocurrency. Retail investors flock to the meme coin, causing a surge in trading volume.: Bloomberg Intelligence boosts Solana ETF approval odds to 90%