Solana price rebounds above $200 following Pump.fun’s $55M SOL saleThe likelihood of a US spot Solana ETF stood at 76% on the leading decentralized predictions market, Polymarket data shows.
“Since it is still very uncertain, an ETF approval in the US would have a positive price impact on Solana since the probability is low and therefore not yet priced in,” Alejo Pinto, former IBM blockchain growth lead and founder of Solana layer-2 network Lumio, told Cointelegraph.
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Companies vying for a spot Solana ETF include asset management giants VanEck, Grayscale, 21Shares, Bitwise and Canary Capital.
The deadline for Grayscale’s Solana ETF application is Jan. 23, while the four other applicants expect a preliminary decision by Jan. 25, 45 days after the US Securities and Exchange Commission formally accepted the ETF application for review in November.
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