The odds of ETF approval for Solana cryptocurrency have significantly increased, drawing interest and confidence from investors.
Approval Odds
According to Polymarket data, the likelihood of the SEC approving the Solana ETF has risen to 76%. An update shared on SolanaFloor reveals that this figure surged by 13% over the last 24 hours.
ETF Application Status
Over five asset managers, including Fidelity Investments and Franklin Templeton, have submitted S-1 filings to the SEC but have yet to receive a response. Solana and XRP are among the leading pending ETF applications.
Market Response and SOL Price
Despite positive forecasts, the current price of Solana stands at $149.86, reflecting a 4.43% decline over the past day. Analysis suggests that despite growing confidence in ETF approval, the impact on asset prices has yet to be seen.
The analysis of data and investor expectations substantiates the growing interest in Solana's ETF, though asset prices remain under pressure.
