Chances of Spot Solana ETF approvals Surge To 90%

Conversations around the potential for Solana ETF approvals becoming a reality before the end of 2025 have been intensifying.

Especially after recent reports revealed that the SEC called on applicants to make amendments to their applications.

The latest update on Solana revealed that 7 companies that submitted Solana ETF filings have already responded to the to the SEC’s amendment requests.

The rapid amendments highlighted the pace at which the applicants have been moving.

More importantly, the situation yielded more optimism about Solana ETF approvals. The SEC also demonstrated an expedited approach.

This came at a time when the U.S has been making swift steps towards stablecoin and crypto regulation.

The fact that 7 companies have already submitted their amendments was also testament to the renewed heavy institutional interest. But what are the chances that the SEC will approve the Solana ETFs?

Solana ETF Approval Probabilities in 2025 on the Rise

The recent Solana ETFs related activities reignited hopes of potential approvals before the end of the year. Bloomberg recently predicted a 90% chance that Solana ETFs will be given the greenlight before the end of 2025.

The expectations were higher in on Polymarket where the chances surged to 92% in the last 24 hours. This suggests that investors saw the recent Solana ETF-related activity as signs of the times.

The possibility of a staking aspect contributed to the excitement building up around the potential regulatory greenlight.

It is worth noting that the recent activity also indicated a high likelihood that approvals might arrive within a matter of weeks. Some analysts speculated that it might happen in the next 3 to 5 weeks.

However, the SEC was yet to disclose any official timelines for an official decision on the matter. Approvals will likely do for SOL demand what ETFs did for BTC especially considering the staking aspect.

SOL Price Gives up Gains Previously Attained in the Second Week of June

SOL just concluded a volatile week which kicked off with bullish momentum in the first half but ended up in the red in the second half.

The cryptocurrency rallied above $168 on Wednesday and retreated as low as $140 during the weekend.

SOL price action tanked by as much as 15% from its weekly top to bottom. This latest pullback resulted in a retest of a 2-month support level that was active since the last week of April.

The crypto exchanged hands at $145 at press time, which signaled that the 2-month support might hold strong.

The price action of Solana confirmed that investors had not yet reacted to ETFs-related news. However, that might change once the official confirmation is made.

Once again, the ETFs talks were not yet conclusive considering that an SEC decision was still pending.

However, it is likely that EFTs may spark renewed interest in the cryptocurrency which could lead to a heavy wave of demand. That outcome might already be at play given the company’s aggressive address activity.

Daily active Solana addresses peaked at 5.1 million addresses earlier this year. For context, the network had about 2.7 million active addresses at its lowest point in March.

The Solana network previously demonstrated impressive levels of activity and network growth in 2024. It was arguably right up there in the list of fastest growing blockcain networks. 

Returning users on the network achieved over 8.8 million addresses at its peak in October last year.

Returning address activity was quite strong in recent weeks, meaning the network was still enjoying healthy activity. This may also be encouraging for investors eyeing Solana’s native coin.

The fact that SOL price was still heavily discounted from its January peak suggests that it had a lot of potential upside.

The post Chances of Spot Solana ETF approvals Surge To 90% appeared first on The Coin Republic.