Solana Spot ETF Approval Odds Drop to 35%
Polymarket predicts that by July 31, only 35% of Polymarket’s Solana patch ETFs were approved, reflecting changes in SEC dynamics. Nevertheless, the SEC’s recognition of Grayscale’s revised Solana ETF application marks a significant, suggesting some changes in the approach. Bloomberg analysts James Seyffart and Eric Balchunas see it as a small but important step affected by the new SEC leadership. The ongoing legal struggle, including the security status of SOL, complicates the process. The final deadline for Grayscale application is October 11, and other issuers have also participated in the competition.
