Polymarket Sees 77% Chance for U.S. Solana ETF Approval

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Oh, the whispers on Polymarket! A grand prediction, spun like a silken thread by those who wager their kopeks on the future’s whims.
A Solana ETF, approved in the glorious United States, they say? A 77% chance by the end of 2025! One might as well bet on the Tsar finding a sense of humor. 🙄

This forecast, mind you, arrives after Solana (SOL) pirouetted upwards by a mere 11%. Such exuberance! Canada, bless its maple-leaf heart, already frolics with Solana ETFs on the Toronto Stock Exchange (TSX).
Staking features, no less! A first, they boast. As if America hasn’t seen enough “firsts” to make one’s head spin.😵‍💫

But alas, the American SEC, that bastion of bureaucratic slumber, remains unmoved. Not a single Solana-based ETF has graced its hallowed halls. Yet, seven grand U.S. asset managers—Fidelity, VanEck, Franklin Templeton, Grayscale—dare to dream, filing to launch their own.
A veritable tempest of speculation now rages across the market! Will they succeed, or will the SEC simply yawn and declare it all a frivolous waste of time? 🤷

And this growing buzz, this feverish anticipation, is laid bare on Polymarket, that den of decentralized bets. Where fortunes are won and lost on the flutter of a crypto-butterfly’s wings.

As of April 18, behold the state of affairs:

  • 77% chance of a U.S. Solana ETF approval by December 31, 2025. A long wait, indeed. One could grow a beard twice over in that time.
  • A paltry 24% chance of approval by July 31, 2025. Such impatience! As if the SEC operates on anything resembling haste. 😂

Thus, it is decreed that short-term approval is but a mirage. Yet, these traders, these soothsayers of the digital age, expect regulatory clarity to descend within the next 20 months.
One can only hope it doesn’t arrive with the subtlety of a Cossack dance.

The Polymarket contract has witnessed over $135,689 in bets. It resolves to “Yes” only if the SEC, in its infinite wisdom, approves a spot Solana ETF by the end of 2025.
Official channels, mind you! No back-alley deals or whispered promises. The SEC or credible media must confirm it, lest the whole affair be deemed a farce.

Solana’s price, that fickle mistress, has risen this week, signaling investor optimism. Trading at $139.63, up 12% over the past seven days. A mere 4% pump in the last 24 hours.
Such volatility! One’s stomach churns at the mere thought.

Still, the token has ground to cover, trading nearly 30% below its early 2024 highs. And down 21.9% against Bitcoin. A humbling realization, indeed. Perhaps these traders should consult a fortune teller instead.

Beyond North America, Solana gains steam in Asian markets, a sign of growing global interest. In South Korea, SOL’s volume in Korean won became its fifth-largest trading pair. A premium of 2.15% on local exchanges like Upbit.
The world embraces the digital ruble, it seems.

While the SEC remains an enigma wrapped in a riddle, Polymarket bettors believe a U.S. Solana ETF is “when,” not “if.” Such confidence! One can only hope they aren’t destined for a rude awakening. 🤡

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2025-04-19 13:59