Latest news on Solana ETF applications:
Application Status: In 2024, multiple institutions submitted applications for Solana ETF to the U.S. Securities and Exchange Commission (SEC), including VanEck, 21Shares, Canay, Bitwise, Grayscale Investments, and others. Asset management company Volatility Shares submitted an application for a Solana futures ETF, planning to invest in Solana futures contracts traded on CFTC-regulated exchanges, and offering 1x, 2x, and -1x leverage options.
Approval Probability: According to a report on January 3, 2025, by CoinWorld, the probability of “SEC approving Solana ETF in 2025” on Polymarket has risen to 86%.
If successful, doubling Sol is not a problem, right?
