Solana spot ETF approval chances surge to over 80%

The possibilities of the Securities and Exchange Commission (SEC) approving an area Solana (SOL) exchange-traded fund (ETF) in 2025 have soared to over 80%. As of June 1, the odds stood at 83%, showing a 9% boost in market confidence, according to information retrieved by Finbold from the forecast platform Polymarket.

Polymarket’s chart tracking the concern “Solana ETF approved in 2025?” revealed an unstable yet steadily rising trend in approval chances throughout the year.

SOL spot ETF approval odds

Since early January 2025, the probability has fluctuated, dropping below 70% in April before spiking sharply in Might to as high as 90%. Regardless of minor pullbacks, the odds have actually stabilized above 80% as the year progresses.

SOL area ETF progress

This growing optimism aligns with continuous developments in Solana-related ETF proposals. Notably, the SEC is evaluating a proposed rule change by NYSE Arca to list the Bitwise 10 Crypto Index Fund, that includes Solana, together with other significant cryptocurrencies such as Bitcoin and Ethereum.

Recently, the SEC extended its decision timeline by 60 days, pushing the original June 1, 2025, due date to July 31, 2025. Adding to the regulatory landscape, REX Shares and Osprey Funds have actually submitted a proposition for an unique “staking ETF.” This fund would invest in Solana and Ethereum, staking at least half of its assets to generate additional yield.

However, the SEC has revealed concerns about whether this structure certifies as an investment company under the Investment Company Act. In a letter, SEC Associate Director Brent J. Fields detailed unresolved questions regarding the proposition’s compliance, signaling potential obstacles for Solana’s ETF ambitions.

SOL rate analysis

SOL was trading at $151 at press time, dropping around 1.5% over the previous 24 hr. On the weekly chart, the possession has actually dropped more than 10%.

Overall, Solana’s market sentiment stays bearish. The Fear & Greed Index indicates severe fear. In addition, the 50-day easy moving average (SMA) at $157.44 and the 200-day SMA at $166.02 sit above the present cost, recommending a possible downtrend.

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