24/7 Cryptocurrency News

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

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.

Advertisement

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.

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.

Advertisement

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. 

Frequently Asked Questions

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%.

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.

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.
Share
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.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Why the Chainlink Reserve Could Be the Secret Tailwind for LINK’s Next Bull Run

The crypto market often moves on big catalysts. Chainlink (LINK) may have found one of…

September 5, 2025
  • 24/7 Cryptocurrency News

BlackRock Joins Ripple Swell 2025: Could an XRP ETF Be Next?

Ripple is all set to host its Swell 2025 event this November with over 600…

September 5, 2025
  • 24/7 Cryptocurrency News

XRP, SOL, and ETH Can Never Flip Bitcoin: Pierre Rochard Explains

People like a “Flippening” story, where altcoins like Ethereum (ETH), Solana (SOL), or XRP could…

September 5, 2025
  • 24/7 Cryptocurrency News

What’s Fueling Today’s Crypto Market Crash?

September, traditionally a concerning month for the stock and crypto market, has started to take…

September 4, 2025
  • 24/7 Cryptocurrency News

Trump-Backed WLFI Token Hits All-Time Low, Sinks Under $0.18: What to Know?

The struggles of the Trump-backed WLFI token are still persistent today, pushing it to a…

September 4, 2025
  • 24/7 Cryptocurrency News

Linea’s 90-Day Airdrop Window Opens Soon: Here’s What You Need to Know

Linea is coming up with an official token launch with an airdrop for the eligible…

September 3, 2025