85% Chance of Solana ETF Approval This Year
According to Polymarket odds, the probability of SEC approval is 85% Solana The ETF will be available in 2025. The market currently believes this will happen before August, but support is slim.
The platform is offering much higher odds for the ETF today than it was just a few months ago, boosting hopes of SEC approval.
Polymarket predicts Solana ETF
Odds come from Polymarket, the famous prediction marketclaiming 85% Chance The Solana ETF is set to receive SEC approval this year. In September last year, the same platform gave it a 3% chanceshowing a new confidence that approval will happen.
Furthermore, the odds are bigger More than 50% believe the approval will be completed by July 31.
Solana ETF 2024, especially in Brazil approved the first. Although SEC Chairman Gary Gensler Very opposed to this concept, Negotiations make progress since Trump won the election in November. U.S. Securities and Exchange Commission Stop current application December, but this is only a temporary setback.
Now, Grayscale’s Solana ETF App The latest deadline with the SEC was January 23. By this time, Paul Atkins to be new SEC ChairmanGensler will resign on January 20.
Theoretically, Gensler could try to deny Grayscale’s application within the next three weeks, but so far, He seems determined to leave the SEC With grace.
Polymarket has been looking to the future lately. US election Taking the platform to unprecedented heightsand comprehensive market Hints at possible token launch Less than a week after the results came back. However, the company has also attracted unwanted scrutiny because FBI seizes CEO’s electronic devices.
company draw severe criticism Its ability to make accurate predictions seemed to be somewhat proven before Trump was elected. Polymarket itself wouldn’t benefit if the Solana ETF wins SEC approval, but its tilt is an encouraging sign.
If nothing else, it’s a staggering turnaround, going from 3% to 85% in less than four months.
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