Polymarket places an 85% probability on the approval of a Solana ETF by 2025, fueled by regulatory shifts and growing institutional interest. Multiple asset management firms have applied for a spot Solana ETF, and the recent resignation of SEC Chair Gary Gensler could pave the way for a more crypto-friendly regulator. The cryptocurrency's price has reacted to the speculation with volatility, currently trading below its 50-day moving average. On-chain data shows a decline in new Solana addresses, but overall adoption remains strong. The potential approval of a Solana ETF could drive further price increases and network expansion.
Polymarket places an 85% chance on a Solana ETF approval in 2025. With SEC shifts and institutional backing, will it happen soon?The shift reflects increasing confidence in regulatory advancements and growing institutional interest in Solana as a legitimate investment vehicle.
The appointment of a more crypto-friendly regulator could pave the way for a Solana ETF, much like the recent approval of spotprice has responded to the ETF speculation with increased volatility. SOL was trading at $197.53, at press time, down 2.91%, with a daily high of $203.84 and a low of $176.00.
A break below this level could signal a deeper correction, while a rebound may position SOL for another attempt at breaching the $225-$250 resistance zone.A deeper look at on-chain data from Glassnode reveals a decline in new Solana addresses, which correlates with the recent pullback in price.
Solana ETF SEC Approval Institutional Interest Crypto Regulation On-Chain Data
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