#solana Solana ETF Approval Odds Surge to 76% 🚀

Exciting news for Solana enthusiasts! According to Polymarket data, the odds of SEC approving a Solana ETF by July 31 have jumped significantly 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 this optimistic outlook, SOL's price hasn't responded positively yet. The token is currently trading at $149.86, down 4.43% in the last 24 hours. Looking at recent price action, SOL has been on a downward trend, dropping 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 bringing new institutional capital to the ecosystem. While Polymarket predictions aren't guarantees, this increasing confidence suggests the market is warming to the possibility of SOL becoming the next crypto asset to receive the ETF green light! ?