Solana’s Showbiz: 79% Chance the SEC Will Finally Say “Yes” to the US ETF 🎩✨

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Behold! After a parade of solana-based ETFs made their grand entrance on the Toronto Stock Exchange, the audacious Solana has pirouetted upward by over 11% in a mere week—stealing the spotlight among the top ten crypto divas by market cap.

Solana pirouettes 11% amidst TSX ETF debut; Polymarket gamblers clutch their pearls betting on a U.S. encore

Solana (SOL) has sashayed forth with a respectable 11% weekly ascent, though it modestly stumbled by 1% in the last 24 hours—because even stars have off days. Leading the crypto aristocracy by market cap gains, SOL still lurks 29% beneath its New Year’s Eve ball drop value. The catalyst? None other than the debutante ball of SOL-themed ETFs on Canada’s TSX, where the maple syrup flows and regulators occasionally nod with approval.

Polymarket high-rollers wager there’s a 79% chance the SEC will throw Solana’s ETF a U.S. acceptance party—crossing fingers, toes, and even some blockchain nodes.

These glamorous products are spot Solana ETFs, each dazzling with direct SOL holdings, occasionally sprinkled with staking delights. Although SOL dazzled brighter than Bitcoin itself throughout 2024, it has still bowed 21.9% to BTC‘s more theatrical dominance as of April 18. Meanwhile, South Korea fawns appreciatively, with the won emerging as Solana’s fifth-most devoted trading partner this week—apparently a fan club worthy of the effort. On the day of this gossip, platforms like Upbit whispered of a 2.15% Solana premium compared to the global stage, as if to say, “Oh darling, you’re worth every penny more!”

Canada, ever the polite host, has given the green light to Solana-based ETFs, while the U.S. Securities and Exchange Commission remains the elusive debutante, yet to grant the coveted spot ETF blessing. Seven glamorous asset managers—Fidelity, Franklin Templeton, Grayscale, Vaneck, 21shares, Canary Capital, and Bitwise—have formally asked the SEC for permission to join the dance. Polymarket’s crystal ball shows a juicy 79% chance this approval comes to fruition, which is either optimism or a gamble better saved for Las Vegas 🃏.

Polymarket’s dashboard currently holds a tidy wager volume of $134,512. The rules of this financial theatre decree a “Yes” when the SEC throws down approval for any spot Solana ETF by the stroke of midnight on December 31, 2025—else, the curtain falls on “No.” Approval may appear via a Rule 19b-4 filing or an S-1 registration, with the SEC cast as director, though whispers from reputable news sources may suffice to take a bow.

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2025-04-18 21:29