Grayscale's filing deadline expires on January 23, while the remaining four applicants expect a preliminary decision by January 25, which is 45 days after the November 2024 filing deadline. Despite high demand for the Solana ETF, no approvals have been received so far, meaning there will be no such product in 2024. Nate Geraci, president of
ETF Store, expressed #optimism about the timing. Many industry insiders believe that a possible change in the U. S. administration and SEC leadership could create a more favorable regulatory environment for #cryptocurrency ETFs.
Polymarkets suggested that there is a 77% chance that the #Solana #ETF will be approved in 2025, fueling crypto investors' optimism. Investor optimism is fueled by the fact that the Solana ETF will be approved in 2025. Many believe that the approval of Solana ETF could be an important price catalyst, with some arguing that this possibility has not yet been fully factored into current market prices.
Notably, the U. S. Securities and Exchange Commission (SEC) announced that Bitwise, Canary Capital, 21 shares, and other prominent companies have yet to announce a formal withdrawal of 19b-4 filings. Market participants are optimistic that the regulatory environment will become more favorable as the current SEC chairman's term comes to an end.
How far will SOL prices go in 2025?
Crypto analyst Henrik Seberg in his recent analysis of the fifth largest cryptocurrency by market capitalization, Solana (
Optimistic outlook for SOL According to Seberg, Solana is in a state of triage after reaching an all-time high last month. Such phases are normal for major market tops, when the asset is gearing up for the next upswing;
Seberg said that this consolidation is a healthy and necessary process for Solana. It will give the cryptocurrency the strength it needs for further growth. He believes that the timing of the consolidation is a harbinger that Solana will continue its upward trajectory.
According to Glassnode, Solana investors are showing strong conviction: the proportion of long-term holders investing in the network is growing.
#Solana Investors are standing firmly on their feet, expecting prices to rise.
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