Solana Summer Loading? ETF Approval Odds by July 31 Surge to 60%

The crypto world is buzzing with excitement over the possibility of a Solana ETF being approved by July 31, 2025. According to Polymarket, the chance of this happening has jumped to 60%, a remarkable 20% increase in just one week. This surge reflects growing confidence among investors as the deadline approaches.

Analysts Foresee SEC Green Light

The recent rise in optimism follows new developments in the Solana ETF space. CoinShares, a well-known asset manager, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a Solana ETF.

This move makes CoinShares the eighth firm to join this ETF race, joining others like Bitwise and Canary Capital. These companies recently amended their S-1 filings with the SEC, adding staking options to their proposals. The flurry of activity suggests the industry is pushing hard for approval.

Adding to the excitement, Bloomberg analysts James Seyffart and Eric Balchunas have shared their predictions. They believe the SEC might greenlight these Solana ETFs as early as next month. This timeline aligns with the SEC’s recent requests for issuers to update their filings.

The analysts also noted that the Commission may act quickly to counter moves by firms like Rex-Osprey, which are exploring legal workarounds to launch similar products first.

Institutional Momentum Builds as Solana ETF Bets Heat Up

The idea of a Solana ETF is gaining traction because it would allow institutional investors to gain exposure to SOL, the cryptocurrency powering the Solana blockchain. Other big names, like Fidelity and Franklin Templeton, have also filed or amended their S-1s, showing strong interest.

Even Invesco might soon join as the ninth contender with its ‘Invesco Galaxy Solana ETF’ registration in Delaware. If approved, it could make investing in Solana easier and more accessible.

The Polymarket chart, showing the probability rising from 50% to 70% recently, highlights how fast opinions are shifting. The recent rise in ETF odds could also impact SOL price in the coming weeks.

Source: Polymarket

Historically, ETF-related news has triggered strong rallies across crypto assets. Traders often position ahead of official announcements, betting on regulators taking a more open stance.