SOL News: Potential ETF Approval on the Horizon for Solana

Following the SEC's acknowledgment of Grayscale’s SOL ETF application amendment, Solana (SOL) is on the brink of receiving ETF approval, indicating a significant milestone for the cryptocurrency.

Solana ETF on the Horizon as SEC Acknowledges Grayscale’s SOL ETF Application Amendment

Cryptocurrency-based ETFs have gained significant attention following the SEC's approval of Bitcoin (BTC) and Ethereum (ETH) ETFs in 2024. Now, Solana (SOL), a prominent crypto project, is on the verge of potentially receiving ETF approval from the financial watchdog. Recently, the SEC recognized Grayscale’s SOL ETF application amendment, a notable development according to Bloomberg ETF analyst Eric Balchunas. This shift aligns with the current US administration's pro-crypto stance. Analysts Balchunas and James Seyffart believe that XRP, Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC) have strong chances of securing ETF approvals, which could lead to a notable price surge for these cryptocurrencies.

Litecoin (LTC) Price Jumps 20% in 2 Days Amid ETF Speculation

Litecoin's price has surged by 20% in the past two days, topping $132 as speculation around a potential ETF approval intensifies. Bloomberg ETF analysts James Seyffart and Eric Balchunas have given the odds of LTC ETF approval in 2025 as 90%, with LTC having the highest approval odds among altcoin ETFs. However, the final SEC deadline is in October 2025. The daily chart shows LTC remaining bullish within the $95-$140 price range since last November, but the uptrend's sustainability is uncertain in the short term.

Litecoin Rallies Ahead of Potential ETF Approval, Leading Top 100 Cryptocurrencies

Litecoin (LTC) has emerged as the top performer among the top 100 cryptocurrencies, with significant gains across various timeframes. The asset's rally comes amid high expectations for a spot ETF approval, with LTC leading the pack with a 90% chance according to Bloomberg ETF analysts. The news has further buoyed LTC's price, which has already risen by 79.2% since February 2024.