First, let's discuss whether SOL will be approved through an ETF: According to Bloomberg analysts' assessment, there is a 70% chance that the Solana ETF will be approved before October 10, 2025. Relevant details are as follows:
• Applying Institutions: Currently, five issuers have submitted applications for a spot Solana (SOL) ETF, namely Grayscale, Bitwise, VanEck, 21Shares, and Canary Capital.
• Approval Progress: On January 29 of this year, the Cboe BZX exchange, representing Bitwise and VanEck among other institutions, resubmitted the 19b-4 filing for a spot Solana ETF. The SEC accepted the 19b-4 application for the Grayscale Solana ETF, with the next approval dates from the SEC being March 30 and April 3.
Next, regarding the price predictions for SOL: Below are the price predictions for Solana (SOL) in 2025 from different institutions and models:
• VanEck: The American investment firm VanEck, using an autoregressive (AR) forecasting model, believes that as the demand for smart contract platforms increases and the M2 money supply in the U.S. continues to grow, the market cap of SOL could reach $250 billion by the end of 2025. Considering the current circulating supply of approximately 486 million tokens, this implies a projected price of SOL at $520.
• AI Models: ChatGPT predicts the price of SOL will be between $500 and $725 in 2025; Perplexity predicts a price range of $166 to $555; Microsoft Copilot predicts a price range of $400 to $500.
• Douyin-related Analysis: A comprehensive analysis of various predictions on Douyin suggests that the price of Solana (SOL) will be in the range of $300 to $500 in 2025.
It is important to note that the cryptocurrency market is highly uncertain and risky, and price predictions are for reference only and do not constitute investment advice.