Alternative coin ETFs Set to Ignite Parabolic Stage of the Bull Crypto market? Initial US Solana ETF Launching Tomorrow
The announcement of the inaugural Solana ETF launching in the US tomorrow (July 2) has influenced the trading market dynamics. Currently, Solana’s price has not yet responded to this news, with SOL showing a decrease of 0.5% for the day, although it has increased by 3.5% over the past week.
Additionally, Bloomberg has raised the estimated approval chances for the DOGE spot ETF to 90%, bringing the total to FIVE altcoins with more than 90% chances of approval, suggesting that the upcoming bull trading market in 2025/2026 may surpass all previous trading market rallies.
$SOL ETF APPROVED see you at $300 pic.twitter.com/ogcNtvYgtq
— CryptoFayZ
(@Crypto_Fayz) June 30, 2025
Launching Tomorrow: The First Solana ETF in the US with Regulated Locking tokens Opportunities
The initial Solana ETF in the United States that includes earning yield services is set to begin trading tomorrow (July 2). This product is being introduced by Rex-Osprey, a collaborative ETF platform formed by REX Shares and Osprey Funds.
Rex-Osprey’s CEO Greg King revealed the significant ETF today. As SOL has not yet reacted notably, it has been making gradual gains recently, showing an increase of approximately 15% over the last ten days.
It’s not the sole news on SOL locking tokens, as Robinhood recently declared at its event in Cannes, France, that users can now stake SOL through the Robinhood Crypto network.
The Rex-Osprey Sol + Locking tokens ETF $SSK is officially launching on Wednesday, according to @isabelletanlee, and it will be the first to offer earning yield in the US. 40% of its portfolio will consist of “securities” from other Sol ETPs (to comply with the 40 Act) and the fee is 75bps, increasing to 1.28% after tax implications from… pic.twitter.com/jDK6onqYsG
— Eric Balchunas (@EricBalchunas) June 30, 2025
Despite the importance of this approval, SOL remains 50% lower than its all-time peak of $293, achieved in January 2025, coinciding with the Presidential inauguration of the now pro-crypto Donald Trump, who subsequently launched the TRUMP memecoin on the Solana platform.
It was expected that the Rex-Osprey Solana ETF would be approved and available soon after Bloomberg analyst Eric Balchunas indicated on June 27 that the REX Shares filing’s approval seemed imminent, stating, “Here’s the SEC indicating they have no further remarks, so they are prepared to launch, it appears. Incredible.”
The endorsement of locking tokens services associated with the Solana ETF marks a pivotal moment for the integration of crypto and traditional finance products. This could pave the way for ETH locking tokens, which BlackRock had previously discussed with the Securities and Trading platform Commission in May.
EXPLORE: Top Solana Meme Coins to Buy in July 2025
Increased Approval Probability for Dogecoin ETF to 90%: A Game-Changer for Crypto
JUST IN:
— CEO (@Investments_CEO) July 1, 2025
Bloomberg has now upgraded Dogecoin’s chances of obtaining a spot ETF to 90% by the close of 2025, with Grayscale, 21Shares, and Bitwise all submitting applications for spot DOGE ETFs. Nonetheless, the SEC has postponed a decision regarding the 21Shares application, stating that it requires an extra 45 days to evaluate the spot Dogecoin ETF proposal.
This postponement is not unusual in the crypto ETF application process, as seen by the prediction market protocol Polymarket, which remains bullish despite the delay. The ‘Doge ETF approved in 2025’ market has a 73% likelihood of success, aligning nicely with Bloomberg’s 90% approval estimate for a Dogecoin ETF in 2025.
(SOURCE)
The remaining four altcoins with pending spot ETF listings include Litecoin (LTC), Solana (SOL), Cardano (ADA), and Ripple (XRP). Bloomberg also indicates a 90% approval chance for DOGE and ADA in 2025, while the other three are at 95%.
The announcement regarding the ETFs has not positively influenced DOGE’s price, with Dogecoin experiencing a 2.4% decline in the last 24 hours. The sentiment surrounding memecoins is currently low, as BTC remains stable just beneath its historical peak. The broader trading market is showing signs of a slow downturn as we approach the latter half of 2025.
If the summer proves challenging for the crypto sector, September is anticipated to bring changes. September will host the next Federal Reserve FOMC meeting, where there is widespread expectation of interest rate cuts by at least 25 basis points (BPS).
A reduction in rates in September could lead to a flood of market fluidity back into riskier assets, with cryptocurrencies being among the most speculative. A market rebound towards the end of Q3, combined with a series of non-BTC crypto ETF approvals in Q4, could trigger a significant rally in the trading market to close out the year.
Attention is focused on the spot Solana ETF, as many analysts predict it to be the first among the five alternative coin filings to receive approval. Currently, SOL has the most applications of any non-BTC crypto, with Grayscale, VanEck, 21Shares, Canary, Bitwise, Franklin Templeton, Fidelity, Coinshares, and Invesco all advocating for a spot Solana ETF.
DISCOVER: Best Meme Crypto token ICOs to Invest in 2025
Join The 99Bitcoins Update Discord Here For The Latest Market Updates
The article Non-BTC crypto ETFs To Spark Parabolic Phase Of The Price surge? First US Solana ETF Goes Live Tomorrow first appeared on 99Bitcoins.
