#BinanceTurns8 Probability of approval for the Solana ETF jumps to 99.7%.

The probability that the U.S. Securities and Exchange Commission will approve a spot exchange-traded fund (ETF) for Solana in 2025 soared to 99.7% on July 2, according to data from Polymarket.

Probabilities currently stand at 99% as of this writing on Wednesday, indicating investors' confidence in Solana's future in traditional financial markets.

Multiple spot ETF applications for Solana from asset management giants such as VanEck, Grayscale, 21Shares, Bitwise, and Canary Capital point to robust demand for regulated investment vehicles for SOL.

Bloomberg senior ETF analyst James Seyffart said he expects a "wave of new ETFs in the second half of 2025," placing the probability of approval for the Solana ETF at 95%.

Although the SEC delayed its decision on Fidelity Investments' application for a spot Solana ETF, Seyffart said the delay was expected and that "interactions between the SEC and issuers should be viewed positively."

Approval of a spot Solana ETF could unlock institutional capital, amplifying demand for SOL and potentially driving prices upwards, with some analysts predicting targets of up to $1,300.

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