Amongst the assorted cryptocurrency property anticipating regulatory approval for an change-traded fund (ETF) is Solana (SOL). In line with Polymarket records, the percentages of the Securities and Alternate Rate (SEC) giving the nod to the SOL ETF beget risen to 76%.
Solana ETF buzz builds as approval odds climb
Particularly, in an update shared by SolanaFloor on X, Polymarket predicted that the regulatory body has a 76% probability of approving the several S-1 application filings sooner than it by July 31. The rising odds of approval designate rising self assurance amongst traders within the device.
In the previous 24 hours, self assurance in an approval surged by 13%, mountain climbing from 63% to 76%. This pattern suggests market sentiment is bullish, so that a Solana ETF will seemingly be licensed soon.
🚨UPDATE: @Solana ETF approval odds by July 31 beget surged from 63% to 76% within the previous 24 hours, per @Polymarket. pic.twitter.com/45WKLADy6P
— SolanaFloor (@SolanaFloor) June 17, 2025
It’s far a necessity to account for that Polymarket prediction does no longer guarantee outcomes; moderately, it shows the ecosystem’s anticipation of this pending ETF application.
Over five asset managers, including Constancy Investments, Franklin Templeton, 21Shares, Canary Capital and Bitwise, beget submitted their S-1 filings to the SEC. Nevertheless, the regulatory payment has no longer replied to them.
Interestingly, Solana and XRP are amongst the main pending choices for ETF merchandise sooner than the SEC.
Will SOL stamp react to ETF catalyst?
In the period in-between, in February 2025, the SEC acknowledged Canary Capital’s SOL ETF submitting. The acknowledgement got here a few days after the regulatory body confirmed receipt of the application filed by Grayscale Funding.
Despite the lingering delays from the SEC, Nate Geraci, president of the ETF retailer in December 2024, predicted that Solana stands a tall probability of approval in 2025. Geraci believes the stakes are high for just a few crypto-connected ETFs, and Solana will seemingly be one in every of these licensed.
Even supposing acknowledgement does no longer equal approval, it stays valuable as it implies that the SEC might perhaps perhaps well soon start reviewing the choices sooner than it.
Despite the Polymarket predictions, Solana’s stamp has no longer been positively impacted. SOL for the time being exchanges at $149.86, representing a 4.43% decline within the last 24 hours.
