Traders on popular prediction market Polymarket expect a 77% chance of approval for Solana’s exchange-traded fund (ETF) this year, up from about 59% at the start of the year when it began trading on such a prediction.
The Solana exchange-traded fund is now seen as a highly likely possibility about the upcoming change in leadership at the US Securities and Exchange Commission (SEC), which during the Biden administration was seen as hostile toward the cryptocurrency space and accused of regulation by enforcement. procedures.
Under the incoming Trump administration, which campaigned on a pro-crypto stance, the SEC will likely have a positive stance toward the cryptocurrency ecosystem, as the incoming administration is said to be planning to Declaring encryption a national priority.
As a result, Polymarket traders are weight 77% change The Solana ETF was approved this year, although the market has so far seen weak trading volume. The more liquid market indicates a 54% probability that such a fund will be approved by July 31.
Despite the favorable odds for the potential approval of the Solana Spot ETF, forecast market traders point to only a 21% chance of approval for the US National Solana Reserve this year.
While speculation suggested that Solana could be included in a potential strategic cryptocurrency reserve, President-elect Donald Trump only mentioned creating a strategic bitcoin reserve during his election campaign.
Spot Solana ETF Filing Deadlines Approach
Several companies have applied to list Solana ETFs in the US, including Grayscale, VanEck and 21Shares. The SEC’s deadline for a decision on Grayscale’s SOL ETF filing is January 23, while the deadline for filings from other asset managers falls on January 25.
However, the SEC could delay its decision on these filings. If you approve such an ETF, you will likely approve several at the same time, as you did with the Bitcoin and Ether ETFs. The second deadline to make a decision if it chooses to postpone it this month will be March 11.
While the SOL Spot ETF is not yet available to the public, some companies have now begun investing in Solana, with Sol Strategies recently boosting its holdings of SOL.