In a stunning declaration that has sent shockwaves through the crypto industry, a top Bloomberg analyst has declared the Solana ETF approval a virtual certainty. Eric Balchunas stated the odds are now “really 100%,” citing a recent regulatory overhaul that has effectively fast-tracked the entire process and removed nearly all bureaucratic hurdles.
Why the Solana ETF Approval is Now Guaranteed
According to Balchunas, a pivotal change in the SEC’s strategy has made the Solana ETF approval inevitable. The commission recently adopted generic listing standards for crypto-based commodity trusts, rendering the old, drawn-out 19b-4 review process obsolete.
This change strips away the statutory 240-day review clock. Now, the final Solana ETF approval hinges solely on the SEC’s Division of Corporation Finance making the S-1 registration statements effective. With major issuers having already submitted their amended filings, Balchunas warned the market, “The baby could come any day. Be ready.”
SEC Actions Confirm Imminent Launch
The confidence in a Solana ETF approval is further validated by the SEC’s recent actions. On September 29, the commission withdrew all remaining delay notices on applications for Solana, XRP, and other altcoin ETFs.
This move confirms that the regulators are clearing the deck for final decisions without further delays. With October being dubbed “ETF Month,” the stage is perfectly set for a wave of historic approvals.
What a Solana ETF Means for the Price
The imminent Solana ETF approval is expected to be a massive catalyst for the SOL price. Analysts predict that the influx of institutional capital could propel SOL toward $260. At the time of writing, SOL is trading at $210.61, positioning it for a significant breakout if the ETFs begin trading as expected in the coming weeks.
