CandleFocus

Solana ETF approval by July 2025? Polymarket odds spike

Author: Content Editor
The odds of the U.S. Securities and Exchange Commission (SEC) approving a spot Solana exchange-traded fund (ETF) are increasing. Currently, the odds of approval stand at 71%, up from 58% earlier this week and 50% last month. This growing possibility is attributed to the incoming presidency of Donald Trump and the appointment of Paul Atkins as SEC chair. Trump has appointed Bo Hines as executive director and David Sacks, a former PayPal executive, as "crypto czar." The approval of a Solana ETF would come after previous rejections by the SEC for companies like 21Shares, Canary Capital, and VanEck. The rising odds of approval suggest that investors believe Atkins will have a different approach from previous SEC chairs. Additionally, VolatilityShares has filed for futures-based Solana ETFs, although Solana futures do not currently exist. Solana has gained popularity as a cryptocurrency and blockchain project, with a market capitalization of over $90 billion. Its DEX protocols, such as Raydium and Orca, have handled significant volumes of assets. As investors have shown a growing interest in Ethereum ETFs, it is expected that spot Solana ETFs would also attract capital inflows.

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