๐ ๐๐๐ ๐๐๐ ๐๐ฉ๐ฉ๐ซ๐จ๐ฏ๐๐ฅ ๐๐๐๐ฌ ๐๐๐ ๐๐% โ ๐๐ซ๐ข๐๐ ๐๐๐ญ ๐๐จ ๐๐๐ฌ๐ฉ๐จ๐ง๐
โค Polymarket Now Shows 83% Approval Odds
As of June 1, the probability of a SOL spot ETF being approved in 2025 has jumped to 83%, up 9% from last month, according to Polymarket data.
โค Year-to-Date: Volatile, But Bullish Trend
Since January 2025, ETF approval odds have seen swingsโdropping below 70% in April, but recovering sharply in May to peak near 90%. Momentum now holds above 80%.
โค Whatโs Fueling the Optimism?
The SEC is actively reviewing a rule change proposal by NYSE Arca to list the Bitwise 10 Crypto Index Fund, which includes Solana, Bitcoin, and Ethereum.
โ The SEC extended its deadline from June 1 to July 31, allowing more time for review.
โค New Staking ETF Adds Fuel to the Fire
Another proposal from REX Shares and Osprey Funds introduces a โstaking ETFโ โ half its assets would be staked in Solana and Ethereum for yield. But the SEC raised compliance concerns over its investment structure.
โค SOL Price Lags Behind ETF Hype
Despite bullish ETF sentiment, SOL trades at $151, down 1.5% daily and over 10% weekly. Key resistance lies at:
50-day SMA: $157.44
200-day SMA: $166.02
๐ The price remains below both, and sentiment is stuck in โExtreme Fearโ territory, per the Crypto Fear & Greed Index.
๐ TL;DR:
The market sees ETF approval for Solana as increasingly likely, with odds now at 83%. However, price action remains bearish as technicals show resistance above. Bulls may need ETF confirmation or macro momentum to flip the trend.
