> This week, ETF experts indicate that $SOL is now the frontrunner for the next U.S. spot ETF approval, likely in the coming weeks.

> Polymarket expects the probability of $SOL ETF approval to soar from 15% to 60% before July 31.

> The prediction market now also gives $SOL the highest probability (90%+) for the next spot ETF approval.

> This week, the U.S. Securities and Exchange Commission (SEC) requested ETF issuers to update their Solana S-1 filings and include Staking terms. All seven issuers resubmitted their documents before Friday's close, adding Staking terms, paving the way for the subsequent 194b approval.

> Given these recent developments, the likelihood of BlackRock applying for a Solana spot ETF has increased.

> I predict that the initial price movement of $SOL will positively impact the approval of any spot ETF: (1) For the first time in over a year, a large external $BTC + $ETH combination received ETF approval, coinciding with a more favorable U.S. regulatory environment. (2) No need to worry about the supply issues of the Grayscale Trust (as of May 30, 2025, GSOL's assets under management were $85 million).

$JTO is best positioned to capture the Solana ETF narrative.

Jito is the largest staking protocol on Solana, with a total locked value of approximately $3 billion.

> $JTO is the only LST mentioned in the current issuer ETF prospectus.

> Jito's Chief Legal Officer held a roundtable with the SEC on June 9.

> The team subsequently released a document on June 13, emphasizing that a 100% staked $SOL ETF using JitoSOL makes the most sense for issuers and investors.

> Even if Solana staking is initially not approved, $JTO is a major ecological test case and should perform well after any Solana ETF is approved.