Polymarket forecasts a 78 percent probability that Solana ETFs (SOL) will be approved by the U.S. Securities and Exchange Commission in 2025.
Five asset managers, including #Grayscale and VanEck, have already filed applications to create #Solana ETFs.
a change in leadership at the SEC, a change in leadership at the SEC could be a deciding factor in the approval of these instruments.
Polymarket Forecast Market predicts a 78% probability that the U. S. Securities and Exchange Commission (SEC) will approve these instruments in 2025, raising optimism about the future of Solana-based ETFs. The report states. This prediction comes amidst the backdrop of #cryptocurrencies trying to establish themselves as a legitimate option in the traditional financial system. Many investors believe that a positive outcome could further legitimize the cryptocurrency market and attract more institutional investors.
In recent months, five including Grayscale, VanEck, 21Shares, Bitwise and Canary Capital. three asset managers have submitted proposals to create Solana-based ETFs. However, these proposals face significant hurdles due to the SEC's skeptical attitude toward crypto-assets: the classification of SOLs as securities in the ongoing proceedings against Binance and Coinbase has raised concerns about the future of other major cryptocurrencies and increased regulatory uncertainty.
Analysts such as Bloomberg's Eric Bartunas and #ETF Store's Nate Geraci believe that SEC guidance changes expected in 2025 could favor the approval of other cryptoassets such as Solana ETF, XRP, Hedera and Litecoin. He opines. Bartunas argues that new SEC guidance will be critical to the approval of these instruments. Meanwhile, industry players are watching for signs of regulatory changes.
Meanwhile, a Polymarket survey shows that the probability of approval, which initially stood at 45%, has risen to over 70%, reflecting growing market optimism.
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