The chances of the US Securities and Exchange Commission accepting a spot Solana exchange-traded fund are increasing.
According to Polymarket, the probability of SOL ETF approval has increased to 71%, up from this week’s low of 58% and last month’s low of 50%.
The rising likelihood has been fueled by the impending presidency of President-elect Donald Trump and the subsequent appointment of Paul Atkins as SEC Chairman. Trump has also begun assembling his crypto council, naming Bo Hines as chief executive and David Sacks, a former PayPal executive, as “crypto czar.”
Preliminary approval of the Solana (SOL) ETF would come months after the SEC rejected applications from companies like 21Shares, Canary Capital and VanEck.
The agency under Gary Gensler claimed that Solana was an unregistered security.
Therefore, the rising odds of SOL ETF approval are a sign that investors expect Atkins to be different from Gary Gensler and Jay Clayton.
Meanwhile, VolatilityShares has filed for a futures-based Solana ETF that will allow users 1x, 2x, and -1x exposure to the coin. According to Eric Balchunas, senior ETF analyst at Bloomberg, this proposal is wild because there are no Solana futures.
VolatilityShares offers several…
