Polymarket data shows ETF approval odds for Solana surged to 76%, reflecting a sharp rise in investor optimism this week.
Five institutional managers have submitted S-1 filings for a Solana ETF, including Fidelity and Franklin Templeton.
The SEC acknowledged key ETF filings for Solana earlier in 2025, indicating that regulatory review is now underway.
Polymarket traders are showing increased confidence in a potential approval of a Solana exchange-traded fund, as the odds climbed to 76%. According to data tracked by Polymarket, the prediction market recorded a 13% increase in ETF approval probability within 24 hours. This signals a shift in market sentiment, with investors placing higher expectations on regulatory clearance by July 31.
A consortium of asset managers (top 5 to be exact), such as Fidelity Investments, Franklin Templeton, 21Shares, Bitwise, and Canary Capital, has filed S-1 filings US SEC. These applications are evidence of growing institutional enthusiasm for Solana-based ETFs.
Although the SEC has not put forth any official replies to these applications, much attention is being paid to these filings.
Recent Acknowledgements Fuel Speculation
In February 2025, the SEC acknowledged the ETF filing from Canary Capital, following a similar step involving Grayscale Investment’s Solana ETF application. The acknowledgement does not verify the approval, but it announces the commencement of the regulatory review process. This formal step normally precedes the next move of action on the part of its agency, which gives more impetus to the beliefs of the investor.
Along with the increased optimism, the price of Solana has failed to reflect the increased optimism. Currently, the token sells at a price of $146.67, an aspect that indicates a 2.95% reduction in value compared to 24 hours ago. This indicates that even though there is speculation in ETFs, this has not had an immediate effect in the short run.
ETF Experts Eye 2025 for Potential Decisions
Industry voices have noted the potential for ETF decisions on crypto assets to materialize in 2025. Nate Geraci, president of The ETF Store, previously stated that Solana could be among the digital assets receiving approval during this period.
While no exact timeline has been provided by the SEC, ongoing acknowledgements and market activity continue to raise expectations.
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