VanEck’s proposed spot Solana ETF has been listed on the DTCC website, indicating potential approval by the SEC. Confidence among traders for approving both Solana and XRP ETFs is rising.
Odds of Solana ETF Approval
According to Polymarket, the odds for Solana ETF approval this year have reached 91%. This increase in trader confidence coincides with the SEC opening public comments on these applications.
Traders Confident About XRP ETF
The likelihood of XRP ETF approval has jumped to 90%. However, traders are less certain about the XRP ETF receiving a green light in the short term, as indicated by a drop in odds for the associated contract.
SEC Opens Comments for Franklin Templeton ETFs
The SEC has opened comments on two proposed ETFs by Franklin Templeton, which may be listed on the Chicago Board Options BZX Exchange. This event has contributed to increased confidence among traders regarding investments in Solana and XRP.
The growing odds for Solana and XRP ETF approvals highlight the SEC's activity and investor interest in these digital assets. Traders maintain optimism, anticipating swift decisions from the regulator.
