Analysts reported on the Internet that the U.S. Securities and Exchange Commission (SEC) may begin approving some exchange-traded funds (ETFs) linked to cryptocurrencies as soon as next month, thus starting a "summer of altcoin ETFs." Eric Balchunas, a senior ETF analyst at Bloomberg, posted a memo on Platform X (formerly Twitter) on Tuesday from his colleague James Seyffart that mentioned: "ETFs that track a wide range of cryptocurrency indices may receive SEC approval next month." The memorandum added that the SEC may also "move ahead" to process Solana and pledged ETF applications, and Balcunas said: "Ready for a potential summer of altcoin ETFs, Solana is likely to lead the trend."