The chances of approval for a Solana ETF rise to 76% 🚀
Exciting news for Solana enthusiasts! According to data from Poly.market, the odds that the SEC will approve a Solana ETF by July 31 have significantly increased, rising from 63% to 76% in just 24 hours. This growing confidence comes as five major asset managers, including Fidelity and Franklin Templeton, await decisions on their S-1 filings.
Despite these optimistic prospects, the price of SOL has not yet reacted positively. The token is currently trading at $149.86, down 4.43% in the last 24 hours. Looking at the recent price movements, SOL has experienced a downward trend, falling from around $157 to $146 over the past day.
If approved, a Solana ETF would join Bitcoin and Ethereum ETFs in the regulated crypto investment space, potentially attracting new institutional capital to the ecosystem. While Poly.market's predictions are not guarantees, this growing confidence suggests that the market is opening up to the possibility that $SOL could become the next crypto asset to receive the green light for an ETF! 📈