In the grand theater of cryptocurrency, where fortunes are made and lost with the flick of a digital coin, we find ourselves pondering the fate of Solana (SOL). Ah, the whispers of the market! According to the ever-astute Polymarket, the odds of the Securities and Exchange Commission (SEC) granting approval for the Solana ETF have soared to a staggering 76%. One might say, “What a time to be alive!” 😄
Solana ETF buzz builds as approval odds climb
In a delightful twist of fate, SolanaFloor recently shared on X that the regulatory body is now believed to have a 76% chance of giving a thumbs-up to the S-1 applications before it by the end of July. The rising tide of approval odds seems to reflect a burgeoning confidence among investors, who are perhaps dreaming of a future where their digital assets are as stable as a well-brewed cup of tea.
In the past 24 hours, confidence has surged by a remarkable 13%, leaping from a mere 63% to a robust 76%. This development suggests that the market sentiment is as bullish as a stampede of cattle, hinting that a Solana ETF might just be around the corner. 🐂
🚨UPDATE: @Solana ETF approval odds by July 31 have surged from 63% to 76% in the past 24 hours, per @Polymarket.
— SolanaFloor (@SolanaFloor) June 17, 2025
However, let us not be too hasty in our celebrations! It is crucial to clarify that Polymarket’s predictions are not the gospel truth; they merely reflect the ecosystem’s hopeful anticipation of this pending ETF application. After all, hope is a fickle friend, is it not?
Over five asset managers, including the venerable Fidelity Investments, Franklin Templeton, 21Shares, Canary Capital, and Bitwise, have submitted their S-1 filings to the SEC. Yet, the regulatory commission remains as silent as a cat in a room full of rocking chairs. 🐱
Interestingly, Solana and XRP are among the leading contenders in this grand race for ETF approval, both waiting with bated breath for the SEC’s verdict.
Will SOL price react to ETF catalyst?
Meanwhile, in a twist of fate back in February 2025, the SEC acknowledged Canary Capital’s SOL ETF filing. This acknowledgment came just days after the regulatory body confirmed receipt of Grayscale Investment’s application. A curious coincidence, or perhaps a sign of things to come?
Despite the lingering delays from the SEC, Nate Geraci, the president of the ETF store, predicted in December 2024 that Solana stands a great chance of approval in 2025. He believes the stakes are high for a couple of crypto-related ETFs, and Solana could very well be among the chosen few. 🎩
Though acknowledgment does not equate to approval, it remains a significant milestone, indicating that the SEC might soon begin to sift through the applications like a child searching for hidden treasures in a sandbox.
Yet, despite the optimistic predictions from Polymarket, Solana’s price has not responded with the enthusiasm one might expect. Currently, SOL trades at $149.86, reflecting a 4.43% decline in the last 24 hours. Ah, the irony of the market! One can only chuckle at the unpredictability of it all. 😂
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2025-06-17 20:13