Polymarket Predicts 78% Chance of Solana ETF Approval in 2025
Polymarket predicts a 78% chance of the SEC approving a Solana (SOL) cryptocurrency ETF in 2025, despite the SEC remaining cautious on crypto assets. Solana is currently trading at $208.33, up 9.5% over the past 24 hours. The increased optimism from an initial 45% reflects expectations of changes in the regulatory environment. Five asset managers, including Grayscale and VanEck, have applied for Solana ETF approval but still face regulatory hurdles. The SEC has classified SOL as a security and has remained cautious on platforms like Binance. However, experts predict that a change in SEC leadership in 2025 could create new opportunities for ETF approval. Another Polymarket survey found that the probability of a Solana ETF approval before July 2025 dropped to 57%. While the situation is uncertain, this expectation creates the potential for institutional participation in the crypto market.
