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Will Solana’s ETF Gain Approval in 2025 or Be Delayed to 2026?
As the clock strikes January 18, 2025, investors are left wondering whether Solana’s ETF will gain approval this year or face a delay into 2026. The uncertainty surrounding the Securities and Exchange Commission’s (SEC) stance has led to an air of skepticism.
According to recent filings, the SEC rejected several applications for Solana ETFs in late 2024, leaving the industry with more questions than answers. James Seyffart, analyst at Bloomberg Intelligence, points out that the rejections were not based on regulatory procedure failures but rather a withdrawal by the SEC itself. This sudden change has sparked rumors about Donald Trump’s presidency having a significant impact on the approval process.
As Solana, one of the most successful cryptocurrencies with a current market cap exceeding $100 billion, continues to grow in popularity, its path towards ETF approval remains shrouded in uncertainty. Seyffart warns that even if Trump’s administration were to take a more lenient stance, the review process alone could still take between 240 and 260 days, effectively pushing approval dates into 2026.
Industry experts believe that legal hurdles also play a significant role in delaying the ETF approval. The status of Solana tokens as unregistered securities has been an ongoing issue, which may hinder any potential approval in the near future.
Despite the bleak outlook, some optimists still hold out hope for a favorable outcome. Polymarket, a global prediction market, currently estimates a 54% probability that Solana ETFs will gain approval before July 2025. While this glimmer of positivity is enticing, it’s important to note that the path forward remains fraught with uncertainty.
In conclusion, as we enter a new year and a presidential term, the fate of Solana’s ETF hangs in the balance. The crypto community anxiously awaits any developments regarding the approval process, and only time will tell if Trump’s presidency will have an impact on this timeline.
Source: cryptotale.org
