The cryptocurrency prediction platform Polymarket previously stated that the likelihood of a Solana ETF being listed in the U.S. in 2025 is about 77%. VanEck's research director Matthew Sigel commented that this prediction is "underestimated." In June 2024, VanEck and competing asset management firm 21Shares seek approval from U.S. regulators to list a spot Solana ETF. In November of last year, shortly after Trump's victory in the U.S. presidential election, Matthew Sigel stated that the chances of the U.S. approving a SOL ETF in 2025 are "very high."