XRP and Dogecoin ETF Approval Chances Also Upgraded by Bloomberg Intelligence
Bloomberg Intelligence has increased its estimated odds of U.S. approval for a Solana (SOL) exchange-traded fund (ETF) to 90%, reflecting growing regulatory momentum and institutional interest in altcoin-based investment vehicles.
In an April 30 post on X, Bloomberg ETF analyst Eric Balchunas shared the revised forecast, which also included boosted odds for ETF approvals tied to XRP and Dogecoin (DOGE). The revised probabilities are:
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Solana (SOL): 90%
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Dogecoin (DOGE): 75%
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XRP: 65%
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Would love to hear directly from Atkins, but all good chance of happening. Here’s our latest odds of approval for all the dif spot ETFs via @JSeyff https://t.co/nLhYJJmO9U pic.twitter.com/4AcJVwhics
— Eric Balchunas (@EricBalchunas) April 30, 2025
This marks a notable shift from Bloomberg’s February estimates, when Solana was given a 70% chance, with XRP and DOGE at 65% and 75%, respectively.
ETF Filings Stack Up as Trump Administration Eases Crypto Stance
The more favorable forecast follows a wave of ETF applications from major asset managers. As of April 30, at least six issuers — including Grayscale, VanEck, and 21Shares — are seeking SEC approval to list Solana ETFs.
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Six issuers are also awaiting approval for XRP ETFs
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Three issuers are seeking approval for DOGE ETFs, per Bloomberg data
In total, the SEC is currently reviewing over 70 crypto-related ETF applications, with final decisions expected before October, depending on each proposal’s submission timeline.
The flood of ETF applications coincides with the Trump administration’s push to soften the SEC’s regulatory posture toward digital assets. Since January, the administration has issued multiple executive orders encouraging crypto innovation and ETF integration.
Solana Futures Listing Adds to ETF Momentum
The Chicago Mercantile Exchange (CME) — the largest derivatives exchange in the U.S. — began offering Solana futures in March, further strengthening the asset’s case for ETF eligibility.
“The listing of Solana futures on a regulated exchange was a key signal,” said Chris Chung, founder of Solana-based DEX Titan.
“ETF approval could be next.”
Timeline Could Still Extend Into 2026
While optimism is rising, Bloomberg analyst James Seyffart cautioned that the SEC typically takes 240 to 260 days to review and decide on ETF applications. That could push final approvals for many altcoin ETFs into early 2026.
Still, April saw another major move: Nasdaq formally requested permission to list a 21Shares Dogecoin ETF, joining the growing list of DOGE-focused filings.
Final Thoughts: The Altcoin ETF Era Is Taking Shape
With institutional interest heating up and regulatory barriers slowly lifting, the race to list altcoin ETFs in the U.S. is gaining serious traction.
If Bloomberg Intelligence’s forecasts prove accurate, Solana could become the first major altcoin ETF approved after Bitcoin and Ethereum — a major milestone that could pave the way for broader altcoin adoption on Wall Street.
As the crypto ETF landscape evolves, investors and asset managers alike are preparing for a diversified, multichain financial future.
