The approval probability for Solana and XRP Spot ETFs is over 90%, as ETF experts evaluate the SEC's positive stance.

## Is approval almost certain?

Bloomberg ETF experts Eric Balchunas and James Seyffart announced on the 21st via social media that the approval probability for spot ETFs of altcoin cryptocurrencies has been raised to over 90%. They are evaluating the SEC's (U.S. Securities and Exchange Commission) active involvement as a very positive sign.

Specifically, it is predicted that Solana and XRP, Litecoin will have a 95% rate, while Dogecoin, ADA, and Avalanche will have a 90% rate.

Last week, in response to a request from the SEC, several asset management companies submitted revised S-1 filings for the Solana spot ETF. Franklin Templeton, Galaxy Digital, and VanEck submitted updated documents, while Fidelity made its initial application.

And the SEC requested an update of the S-1 filing from the companies applying for the Solana ETF earlier this week. They asked for modifications to the language regarding physical redemption and an explanation of their policy on staking functions, particularly showing a positive attitude toward incorporating the staking yield earning functionality.

VanEck has proposed the addition of a staking feature in its amended documents, allowing holders to earn staking rewards. Lobbyists are continuing their efforts to obtain approval for ETFs with staking features on Ethereum and Solana.

Mr. Baltrunas recently pointed out that the likelihood of the Solana spot ETF being approved has increased within the next 2 to 4 months.