news 
Pantera Capital Report Points to Potential Solana ETF Approval in 2025
In a recent report, Pantera Capital has shed light on the potential approval of a Solana ETF by 2025. The comprehensive analysis highlights Solana’s strong fundamentals and decentralized ownership structure as key factors supporting its case for ETF approval.
The report notes that several major investment firms have already begun preparing applications for Solana ETFs, including Canary Capital, VanEck, 21Shares, and Bitwise. This surge in institutional interest underscores the growing appetite among investors to integrate digital assets into their portfolios.
As of February 17, 2025, market data suggests an 84% probability of Solana ETF approval next year, a figure far surpassing that of other altcoins such as Cardano (59%) and Dogecoin (31%). The report attributes this favorable outlook to the blockchain’s impressive developer growth, with the platform attracting 7,625 new developers in 2024 alone.
Furthermore, the data reveals record trading volumes on Solana-based decentralized exchanges. Raydium, the primary DEX, has significantly outperformed Ethereum’s Uniswap by 30% over the past two months. This rapid adoption is largely driven by the Pump.Fun phenomenon and the platform’s ability to accommodate a wide range of use cases.
Solana’s versatility has led it to establish itself as the leading network for AI agent tokens, decentralized science (DeSci) cryptocurrencies, and other innovative projects. The data suggests that user activity and platform utilization are on the rise, with Solana’s fee generation surpassing Ethereum’s in recent times.
Despite this positive outlook for ETF approval, Solana’s price currently stands at $192.40, having dropped 1.30% over the past 24 hours. This short-term decline is not unexpected, given the broader market fluctuations that have been observed recently.
The surge in altcoin ETF interest extends beyond Solana to other cryptocurrencies, including Litecoin, which maintains an impressive 87% probability for approval. This increased institutional appetite reflects a shift towards diversification and risk management strategies in the crypto space.
In conclusion, Pantera Capital’s report serves as a potent endorsement of Solana’s prospects in the world of ETFs. As these applications continue to accumulate, it is crucial that investors remain vigilant, monitoring market developments closely as they unfold.
Source: blockonomi.com
