$SOL

The opportunity for the Securities and Exchange Commission (SEC) to approve a spot Solana (SOL) exchange-traded fund (ETF) in 2025 has surged to over 80%. As of June 1, the chance reached 83%, reflecting a 9% increase in market confidence, according to data taken from the Polymarket prediction platform.

This growing optimism aligns with ongoing developments in the proposed Solana-related ETF. Specifically, the SEC is reviewing proposed rule changes by NYSE Arca to list the Bitwise 10 Crypto Index Fund, which includes Solana, along with other major cryptocurrencies such as Bitcoin and Ethereum.

However, the SEC has expressed concerns about whether this structure qualifies as an investment company under the Investment Company Act.