Bloomberg’s Analyst Says Crypto ETF Approvals Now ‘100%’ Certain, Solana ETF ‘Could Come Any Day’

Core Insights - Crypto ETF approvals are now deemed "100%" certain, with Solana funds expected to be approved imminently following the fourth amendment submission [1] - The SEC's approval of generic listing standards has streamlined the approval process for crypto ETFs, reducing the timeline from nine months to as few as 75 days [3][4] Group 1: SEC Developments - The SEC's new generic listing standards eliminate the need for individual 19b-4 filings, making the regulatory process for crypto ETFs more efficient [2] - Issuers can now proceed directly with S-1 registration statements, which is the final step before launching an ETF [4] - The SEC has instructed issuers of proposed ETFs for various cryptocurrencies, including Solana, to withdraw pending Form 19b-4 filings [3] Group 2: Market Impact - Seven major asset managers have filed updated S-1 documents for spot Solana ETFs, indicating strong interest in launching these products [2] - The first fund listed under the new streamlined system is Grayscale's Digital Large Cap Fund, which manages over $915 million in assets [5] - There are currently more than 92 crypto ETF applications awaiting SEC review, with significant deadlines approaching in October and November [5] Group 3: Investment Trends - Bloomberg analysts previously projected a 95% approval probability for Solana and XRP ETFs by year-end, which has now increased to 100% for Solana [6] - Prediction markets show high optimism for Solana ETF approval, with current odds at 99% [6] - Digital asset investment products experienced $812 million in outflows last week, attributed to stronger-than-expected economic data affecting interest rate expectations [6]