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Solana ETF Approval Expected in 2025, Insider Predicts
As the year comes to a close, it’s clear that the demand for cryptocurrency ETFs is far from subsiding. In fact, just recently, we witnessed the top eight ETF launches of 2024 being crypto-related, with four spot Bitcoin ETFs, two spot Ethereum ETFs, and two ETFs on MicroStrategy stocks, currently the second-largest holder of Bitcoin.
Out of nearly 740 new ETFs launched in 2024, this unprecedented trend showcases a stark reality – investors are clamoring for crypto-ETFs. This surge in demand has left many wondering when we can expect the approval of other notable assets, such as Solana (SOL).
According to an insider, the approval of a Solana ETF is expected to come to fruition in 2025. While this prediction is not set in stone, it does shed some light on the regulatory environment and what investors can potentially expect.
The rise of Solana has been nothing short of meteoric, with its market capitalization surpassing that of many other prominent cryptocurrencies. As such, it’s no surprise that there would be a strong demand for an ETF that tracks the performance of SOL.
But we must also acknowledge the role regulatory bodies have played in hindering progress in this space. The Securities and Exchange Commission (SEC) has yet to approve any Bitcoin ETFs despite numerous attempts from several companies, including VanEck and Bitwise. This lack of clarity has led many to question whether such products will ever be approved.
In a recent interview with U.Today, Gamza Khanzadaev, a financial analyst and trader, expressed his excitement about the current landscape: “The demand for crypto ETFs is clearly there, and it’s up to regulators to decide when they’re ready to greenlight these products.”
As we look ahead to 2025, investors will be keeping a close eye on any developments regarding Solana ETF approval. For now, this insider prediction offers a glimmer of hope that the SEC may finally take action.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views
Source: u.today
