Bloomberg Predicts 70% Solana ETF Approval Odds by October 10, 2025

Bloomberg, the biggest name in TradFi analysis, has quantified its growing belief in ETF approvals for Solana and a range of other crypto assets.

Over one year after Bitcoin made its debut on Wall Street, traders and investors might soon see as many six new altcoins join the original cryptocurrency in traditional markets.

How did Solana score relative to other large-cap altcoins like $XRP and $LTC, and what are the biggest contributors to rising approval odds?

Solana Approval Odds Exceed $XRP, Trail $LTC

Bloomberg Digit Asset Analyst James Seyffart and Senior ETF Analyst Eric Balchunas have shared their official approval odds for four cryptocurrency ETF filings, including the eagerly awaiting Solana ETF.

According to Bloomberg’s analysts, the Solana faithful have a 70% chance of seeing $SOL hit traditional markets by the 10th of October 2025, the SEC’s final deadline for a decision. Seyffart and Balchunas’ optimism stems from the SEC’s recent acknowledgment of GrayScale’s 19b-4 filing, a critical step forward for approvals that was never reached under Gary Gensler’s SEC.

While a spot Solana ETF boasts a 70% chance of approval, Seyffart and Balchunas consider a smaller altcoin to be the most likely asset to find itself on Wall Street. Litecoin, ranked 17th by total market capitalization has been given the highest approval odds at 90%, largely due to the SEC’s classification of the Bitcoin fork as a commodity.

Despite Litecoin’s high approval odds, Seyffart concedes that a Litecoin ETF would be unlikely to witness significant inflows.

Similarly, Dogecoin has been given a 75% chance of approval, despite 19b-4 filings from Grayscale and Bitwise still being acknowledged by the SEC. Meanwhile, $XRP is the least likely ETF filing to be approved. Despite Bloomberg bestowing $XRP 65% approval odds, the popular altcoin remains embroiled in ongoing legal affairs with the SEC that hamper its chances.

Analysts Credit New Government for Boosted Approval Odds

As theorized before the U.S. Election, approval odds surged significantly following Donald Trump’s return to the White House. 

Led by White House Crypto Czar and Solana investor David Sacks, Donald Trump’s Republican Government has committed to implementing a wealth of pro-crypto initiatives, including the evaluation of a Strategic Digital Asset Stockpile.

Balchunas remarked that prior to Trump’s return, approval odds for all assets other than Litecoin hovered below 5%. The Bloomberg Senior ETF Analyst expects ETF approval odds will continue to rise as filings navigate the approval process and SEC decision deadlines loom larger on the horizon.

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