99% Approval Odds? How Close Are We to Spot Solana ETF Launch in US?

Investors are on edge as the SEC acknowledges the Invesco Galaxy spot Solana ETF; will 2025 see the launch of any SOL product?
By Pooja Khardia
Updated: 16 Aug, 2025 | 05:57:51 AM GMT
Solana ETF hype taking over U.S. investors

Highlights

  • Spot Solana ETF approval odds hit 99% after the launch of staking SSK ETF earlier this year.
  • SEC also acknowledged the Invesco Galaxy SOL ETF filing, starting its review process.
  • Experts predict possible approval by October 2025, but uncertainty remains.

The spot Solana ETF is yet to enter the U.S. market, but there is high investor demand. With the SEC’s every move being closely monitored and a significant number of applications under review, the odds are moving in the direction of approval, at least on Polymarket. Notably, the launch of the staking-enabled SOL ETF and recent updates are fueling the investors’ hype further, especially as the SEC acknowledged the Invesco Galaxy filing. Will the SEC approve? Let’s discuss.

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Spot Solana ETF Approval Odds Stand at 99%

Polymarket and other similar sites clearly showcase investors betting on the high approval odds of the Spot Solana ETF in 2025. The 99% breakthrough for this anticipation came after the launch of the REX-Osprey Solana + Staking (SSK) exchange-traded fund, which went live earlier in July. 

CoinGape experts reported that the SSK ETF went live on July 2 and gained more than $20 million in trading volume on the first day alone. As a result, investors’ prediction for the proper spot one’s launch skyrocketed, hitting 99% plus.

Investors bet in favor of spot Solana ETF approval
Source: Polymarket, Spot Solana ETF Approval Odds

Notably, the odds have been persistent ever since then, and investors show high anticipation of the SOL ETF launch this year. Besides, the high Ethereum ETF inflows and the digital asset’s performance these days are increasing the demand for approval.

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SEC Acknowledges Invesco Galaxy Spot Solana ETF, Approval Next?

Adding to the list of spot Solana ETF filings, Invesco and Galaxy Digital also jointly filed for one in June 2025. After nearly two months, the SEC has finally acknowledged the filing, which means that the review process for this will begin now, and the SEC will make a decision soon.

Interestingly, ETF experts like James Seyffart, Eric Balchunas, and others have presented a potential approval of these SOL ETFs as early as October 2025. However, the uncertainty still exists as the SEC has delayed their decision on most of the filings.

In the list, there are Fidelity, VenECK, Bitwise, and a bunch of others, including Grayscale, which has applied to change its GSOL Solana Trust into an ETF. 

Notably, no announcement on the potential approval date by the SEC has been made up to now. However, their request for issuers to update their S-1 filing indicates that they are seriously analyzing these filings.

Considering these events and high odds, the ETFs could get approval soon. 

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Frequently Asked Questions (FAQs)

1. What are the current approval odds for the spot Solana ETF in the U.S.?

The approval odds on Polymarket and similar platforms are at 99%.

2. What are the top companies that have filed for a spot Solana ETF?

Multiple companies, including Invesco, Galaxy, Fidelity, and Bitwise, have submitted filings for a spot Solana ETF.

3. Will the SEC finally approve a spot Solana ETF in 2025?

Polymarket odds and expert forecasts that the SEC will approve a spot Solana ETF in 2025.
Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
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