Optimistic Expectations from Experts for Altcoin ETF Approval

In recent days, with the decrease in uncertainties in cryptocurrency markets, investor interest has started to rise again. Developments in ETF applications, particularly for altcoins like **Solana** (SOL), are stirring up the market.

Bloomberg ETF analyst **Eric Balchunas** excited investors in his latest assessments by stating that the approval probability for spot crypto ETFs is now “basically **100 percent**.” Balchunas stated that the new general listing standards introduced by the **Securities and Exchange Commission** (SEC) have completely transformed the process. He emphasized that 19b-4 applications and review timelines, which were critically important in the previous process, are no longer valid, and only official approval for S-1 applications from the SEC's Division of Corporation Finance remains.

Balchunas also stated that the ETF process, especially for **Solana**, has accelerated. The analyst emphasized that the **Solana** ETF application has been updated for the 4th time, stating that approval “could come at any moment.” This situation has attracted investors' attention, leading to rising expectations and a closer focus on the process.

The effects of ETFs on the crypto market continue to be a subject of debate. Some comments made in response to Balchunas’s statements drew attention. Countering the claim that ETFs suppress prices, the analyst reminded that Bitcoin ETFs have seen an increase of approximately **340 percent** since their market entry. He dismissed opposing views by saying, “If you see a +350% increase as suppression, you have a serious perspective problem.”

Currently, in the crypto markets, an perception has formed that many spot crypto ETF approvals, especially the **Solana** ETF, will be announced very soon, in conjunction with the SEC’s latest regulations. It is being discussed that this development could create new momentum in crypto markets by increasing investor interest. Therefore, investors are advised to follow this process closely.