Bloomberg ETF Analyst: SOL Spot ETF Approval Success Rate Close to 100%

BlockBeats News, September 30th, Bloomberg ETF analyst Eric Balchunas stated, "To be honest, the probability of a SOL spot ETF approval is now close to 100%. The generic listing standards have made the 19b-4 filing and its timeline meaningless, leaving only matters related to the S-1 form. The baby could be born at any time, so be prepared."

Yesterday, the U.S. Securities and Exchange Commission (SEC) requested the issuers of LTC, XRP, SOL, ADA, and DOGE ETFs to withdraw their 19b-4 filings because these filings are no longer needed after the generic listing standards approval, and withdrawals may begin as early as this week.