Confidence in a Solana ETF approval is rising quickly. In accordance to a current replace from SolanaFloor on X, Polymarket now predicts a 76% probability that the U.S. Securities and Trade Fee (SEC) will approve pending S-1 ETF filings by July 31. This marks a 13% leap in simply 24 hours, reflecting rising optimism amongst traders.
Polymarket’s odds should not certainties however relatively a real-time snapshot of market sentiment. The surge suggests growing confidence {that a} Solana-based exchange-traded fund may quickly obtain regulatory approval. A number of main asset managers—Constancy Investments, Franklin Templeton, 21Shares, Canary Capital, and Bitwise—have submitted S-1 filings to the SEC for Solana ETFs. Nevertheless, the regulatory physique has but to challenge any formal selections.
The momentum started constructing earlier in 2025 when the SEC acknowledged the ETF submitting from Canary Capital, shortly after confirming receipt of the same utility by Grayscale Investments. These acknowledgements, whereas not approvals, point out that the SEC could also be shifting towards formally reviewing the functions.
Nate Geraci, president of The ETF Retailer, beforehand famous in December 2024 that Solana stands a powerful probability of approval, particularly amid growing stress for extra crypto-based ETFs to enter the market.
Regardless of the bullish sentiment in prediction markets, Solana’s value has not but responded positively. As of the most recent knowledge, SOL trades at $149.86, down 4.43% previously 24 hours.
With greater than 5 high-profile asset managers within the working and rising market anticipation, the trail to a Solana ETF approval may form crypto markets considerably within the months forward.
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