The Spot Solana (Sol) ETF proposed by Vaneck is registered with the Proditor Trust & Clearing Corporation (DTCC). Financial institutions use the label Vaneck Solana Tr Com Shs Ben int using ticker VSOL. Currently there are several Spot Sol ETF applications awaiting approval from the SEC. Applicants include Vaneck, Fidelity Investments, Franklin Templeton, 21shares, Canary Capital, and Bitwise.
Solana ETF Approved Odds
Polymarket estimates there is a 55% chance that Sol Sol ETF will be approved by July 31st. The likelihood of approval rose to over 71% on June 17th. That figure has dropped dramatically.
Bloomberg ETF analyst James Seyfert is extremely bullish at Solana (SOL) ETF. Seyffart estimates there was a 90% chance that Sol ETFs would be approved by the SEC. Seyffart emphasizes that applicants are allowed to submit 19B-4. Analysts also say it is most likely that the SEC considers Sol as a product.
Bloomberg analyst Eric Baltunas also recently shed light on the surge in 2025 ETF launches. According to a graph shared by Baltunas, more than 800 ETFs were released this year. The numbers give hope to Solana (Sol) fans and investors.
The underlying assets continue to bleed
While there is a high chance of an ETF launch, Sol prices have continued to fall in recent weeks. Asset prices fell 2.7% on the daily chart, 11.1% on the weekly chart, 6% on the 14-day chart, and 8.9% on the previous month. Sol maintained some profits last year, collecting 6.6% on the annual chart.
Solana’s (SOL) inactivity performance could be due to market-wide revisions. Geopolitical tensions and trade wars could make market participants cautious. It is possible that investors will now take back seats at upcoming FOMC meetings.
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