Speculation Grows: Chances of Solana ETF in 2025 Rises to 87%

Speculators on the crypto-based prediction platform Polymarket believe a spot Solana exchange-traded fund (ETF) will launch before the end of the year. As many as 87% of participants are optimistic that the United States Securities and Exchange Commission (SEC) will approve at least one of the Solana-focused products.

Source: Polymarket

Wen Solana ETF in the U.S.?

Since June 2024, investment companies have submitted applications with the SEC to approve the spot Solana ETF. VanEck was the first among the cohort of applicants to file for a Solana ETF approval with the American regulator. Others that followed a similar path included Ark Invest, 21Shares, and Canary Capital.

Although the SEC has yet to endorse any applicants, it began reviewing S-1 applications in November 2024, sparking hopes that a possible approval was imminent. Still, the latest reports show that the financial agency has not shown further signs of interest in the investment vehicle.

Approving a spot Solana ETF in the U.S. will allow local investors to gain exposure to SOL’s price movement while benefiting from the regulatory haven of the issuing companies. Given Solana’s wide adoption from the crypto community, experts believe that a Solana ETF will see a massive embrace more than most crypto assets.

A factor likely driving Polymarket users’ latest optimism is Donald Trump’s upcoming inauguration as the 47th U.S. president on January 20th. Many crypto enthusiasts believe the pro-crypto President-elect will fight for a crypto-friendly ecosystem, including Solana ETF approval. Still, analysts expect the securities regulator to approve ETFs based on Litecoin (LTC) and Hedera (HBAR) before the SOL-backed and XRP-focused financial products.

At the time of writing, Polymarket’s website reveals that 77% of participants expect a Solana ETF approval before December 31st, 2025. If approval comes before the end of the year, the prediction will resolve as “Yes.” If the endorsement does not come by the end of the year, the prediction will resolve as “No.”

Meanwhile, SOL traded at $218, representing a 5.9% surge in the past 24 hours.