Solana, Crypto Basket ETFs To Gain SEC Approval In July: Analysts
The US Securities and Exchange Commission could start to approve some crypto-tied exchange-traded funds as soon as next month, kicking off an “altcoin ETF summer,” analysts say.
Bloomberg senior ETF analyst Eric Balchunas posted to X on Tuesday a note from fellow analyst James Seyffart that said, “ETFs that track broad crypto indexes may be approved by the SEC next month.”
The note added that the SEC could also “act early” on Solana (SOL) and staking ETF filings, with Balchunas saying to “get ready for a potential altcoin ETF summer with Solana likely leading the way.”
Several fund issuers, including Grayscale and Bitwise, have filed with the SEC to launch ETFs that track a bundle of…
