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VanEck and US Crypto Community Anticipate Green Light for Solana ETF by 2025

by aria-crypto.com

January 6, 2025 at 19:56


VanEck and US Crypto Community Anticipate Green Light for Solana ETF by 2025



Wealth investment firm VanEck has proposed a Solana (SOL) ETF, buoyed by the success of past cryptocurrency products and a welcoming climate after Donald Trump's election victory. Remarkably, the digital asset prediction platform, Polymarket, puts the odds of SEC approval for this ETF by the end of 2025 at 85%, a notable increase following supportive community feedback and easing regulations. Matthew Sigel, VanEck’s Head of Research, believes these odds are still undervalued, indicating even stronger confidence in a positive outcome. This optimism is also propelled by expectations that Solana will emulate Bitcoin and Ethereum, making significant inroads into mainstream financial markets through the introduction of ETFs. Trump's presidential win has injected further momentum into the sector with promises of crypto-friendly policies and hopes are high that this administration will continue to loosen the regulatory reins, providing a robust environment for cryptocurrencies like Solana to thrive. At present, Solana's market performance remains strong, with its price reaching $220 and a market capitalization surpassing $106 billion.


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