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A US Securities and Exchange Commission-approved spot, Solana ETF is becoming more likely by the day. Following increases of 58% last week and 50% last month, Polymarket reports that the likelihood of issuing a SOL ETF is now 71%.
A US Securities and Exchange Commission (SEC)-approved spot Solana (SOL) Exchange Traded Fund (ETF) is currently 71% likely, according to Polymarket. This huge spike followed a 58% chance increase last week and 50% last month. Changes in SEC leadership and increased support from crypto leaders suggest a Solana ETF is imminent.
Trump’s Crypto Council and the Solana ETF
Since Donald Trump took office and Paul Atkins was chosen to head the SEC, the likelihood of this happening has been increasing. Along with designating Bo Hines as executive director and David Sacks, a former PayPal executive, as “crypto czar,” Trump has begun to assemble his crypto council.
Patch permission for the Solana (SOL) ETF would be a pleasant change after the SEC denied petitions from businesses, including VanEck, Canary Capital, and 21Shares, a few months ago. An investigation led by Gary Gensler revealed that Solana was a security that had not been registered. With the loss of shares in the Solana meme coin, Popcat price is forming a hazardous pattern.
Investment Opportunities with Solana ETF
So, investors are keeping their fingers crossed for Atkins. With SOL ETF clearance seeming more likely, it will be distinct from Jay Clayton’s and Gary Gensler’s work. At the same time, futures-based Solana ETFs have been applied for by VolatilityShares. Thus, investors will have the opportunity to increase their coin’s exposure by one, two, or even negative one power. The application is totally irrational, according to Bloomberg’s senior.
ETF analyst Eric Balchunas, as there are no Solana futures. The 2x Bitcoin ETF is one of VolatilityShares’ leveraged ETFs that stands out with an asset value of over $3.2 billion. The management of assets of over $830 million is handled by its 2x Ethereum (ETH) ETF.
SOLANA’s Future Prospects in the ETF Market
A large number of individuals are deeply interested in the Solana blockchain and cryptocurrency. At almost $90 billion in valuation, its token is the sixth biggest cryptocurrency. Thanks to its $8.25 billion valuation, Solana has surpassed all other chains in terms of blockchain assets. Among its DEX protocols, Orca and Raydium rank highest in terms of volume.
With the addition of the last seven days, their combined processing volume reached roughly $636 billion. It is becoming more likely that spot Solana ETFs will attract funds as the number of investors embracing Solana ETF Approval grows. There has been almost $2.68 billion invested in Ether ETFs, according to statistics from SoSoValue.
Summary
Thanks to Trump’s crypto council and Paul Atkins’ leadership at the SEC, the likelihood of approving a Solana ETF has increased to 71%. In spite of setbacks in the past, Solana’s increasing volume and value improve its ETF chances. VolatilityShares’ future-based ETF application is seen as illogical, as no Solana futures exist. With Solana’s market presence and strong DEX protocols, it’s gaining investor interest similar to Ethereum ETFs.