Solana ETF Approval Odds Surge as 2025 Outlook Brightens

Investor sentiment around the potential approval of a spot Solana ETF has surged in recent weeks, with new data suggesting growing confidence that 2025 could be the year the green light finally comes.

According to the decentralized prediction market Polymarket, odds of a Solana ETF being approved by the U.S. Securities and Exchange Commission (SEC) have climbed to 83% as of June 1. This marks a sharp rebound from April lows, when optimism briefly dipped below 70%, before gaining momentum in May and stabilizing at higher levels.

The spike in confidence coincides with mounting activity around Solana-related ETF proposals. One key development is the SEC’s ongoing review of a rule change submitted by NYSE Arca, which aims to list the Bitwise 10 Crypto Index Fund. This fund includes Solana alongside major assets like Bitcoin and Ethereum, offering a potential pathway for institutional exposure to SOL.

Although the SEC recently delayed its decision on the proposal—moving the deadline from June 1 to July 31—the market remains upbeat. The delay, rather than signaling rejection, appears to reflect the complexity of the proposal and broader regulatory caution.

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Meanwhile, REX Shares and Osprey Funds are pursuing a separate route, having filed for a “staking ETF” that would allocate capital to Solana and Ethereum and generate yield by staking at least half of the fund’s assets. But this proposal has drawn scrutiny. The SEC has raised questions about whether the fund structure meets the criteria laid out in the Investment Company Act, which could introduce additional legal hurdles.

Despite the regulatory uncertainty, the overall tone has shifted toward optimism. As the SEC continues to weigh its options, many in the market are betting that 2025 could be the breakthrough year for Solana ETFs.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.