Solana’s Spot ETF Journey: A Milestone Achieved
The Cryptoverse Buzzes with Anticipation
The cryptocurrency world is abuzz with excitement as Solana takes a significant step towards securing U.S. Securities and Exchange Commission (SEC) approval for a spot exchange-traded fund (ETF). This move comes on the heels of the world’s largest derivatives exchange, CME Group, debuting Solana futures trading on March 17, 2025 (1).
Bitcoin’s ETF Success Paves the Way
Bitcoin’s successful journey into the world of ETFs has set a precedent for other cryptocurrencies, including Solana. The approval of spot Bitcoin ETFs by the SEC has paved the way for Solana’s potential approval, as the regulatory environment has become more favorable (2).
Volatility Shares’ Solana Futures ETFs on DTCC
Volatility Shares made headlines when it launched the first Solana Futures ETFs on the Depository Trust and Clearing Corporation (DTCC) on February 27, 2025. This move provided investors with a regulated trading option, further boosting Solana’s chances of a spot ETF approval (3).
Market Dip and Long-term Prospects
Despite Solana’s price experiencing a market-wide dip, trading at around $139, or around 19% down in the past week, the long-term prospects for the cryptocurrency remain promising. The launch of Solana Futures ETFs on DTCC has raised hopes for a spot ETF approval, which could significantly boost Solana’s value (4).
The Race for Solana Spot ETF Approval
Several prominent investment firms, including Bitwise, VanEck, 21Shares, Canary Capital, Grayscale, and Franklin Templeton, have all filed for spot Solana ETF applications, signaling a growing interest in Solana’s potential as a mainstream investment option (6).
The Odds for Solana ETF Approval
Following the launch of Solana Futures trading on CME, analysts predict that the odds for Solana ETF approval have risen to 88%. This move is viewed as a significant step towards ETF approval, and the exchange offers a variety of Solana futures contracts for trading (8).
The Road Ahead: A Probable 70% Chance of Approval
According to GPT predictions for IntelMarkets, there is a 70% chance that Solana ETFs will be approved in 2025. Companies have submitted a barrage of filings for Solana ETFs in recent weeks, further fueling the anticipation for a spot ETF approval (9).
Conclusion: A Major Step Forward
Solana’s journey towards a spot ETF has taken a significant leap forward with the launch of Solana Futures trading on CME and the listing of Solana Futures ETFs on DTCC. As the cryptocurrency world eagerly awaits the SEC’s decision, one thing is clear: Solana’s future looks promising, and its potential approval could pave the way for other cryptocurrencies to follow suit.
