Journalist
Posted:
- The SEC reviewed multiple Solana ETF filings, with decisions expected within 240 days.
- Analysts estimated a 70–84% chance of Solana ETF approval, boosting market optimism.
The excitement surrounding altcoin ETFs is reaching new heights, with Solana [SOL] now at the center of the latest developments.
Solana ETF gains ground
On the 18th of February, the SEC acknowledged spot SOL ETF filings from VanEck, 21Shares, Bitwise, and Canary Capital, setting the stage for a potential approval or rejection within 240 days.
Grayscale’s SOL ETF filing, added to the Federal Register on the 12th of February, faces a decision deadline of 16th October.
The SEC acknowledged Grayscale’s Solana ETF amendment on the 6th of February, followed by four additional filings on the 11th of February, setting the stage for regulatory scrutiny.
These Solana ETF filings come at a critical moment for SOL, as market sentiment seeks a turnaround following its recent price slump.
What is Polymarket data hinting at?
Bloomberg analysts Eric Balchunas and James Seyffart estimated a 70% chance of approval. Odds may increase if legal challenges classifying SOL as security are dismissed.
The SEC has recently shifted away from aggressive crypto lawsuits. This change fuels optimism for Solana’s ETF prospects.
The excitement around a potential SOL ETF is building. Polymarket data now places its approval probability at 84% for 2025.
This growing confidence has influenced SOL’s price. It shows signs of recovery after a prolonged bearish phase. At press time, SOL was trading at $172.83, following a 0.77% uptick in the past 24 hours, according to CoinMarketCap.
Anticipation for altcoin ETFs is gaining momentum. Industry leaders and major investment firms, including Pantera Capital, are backing SOL’s potential.
