The year 2024 has been a time for critical decisions for Bitcoin and Ethereum, as the SEC approved spot Bitcoin ETFs in January and then spot Ethereum ETFs.
After Bitcoin and Ethereum, he also expects spot ETFs for altcoins such as Solana (SOL) and XRP to be approved.
At this point, while it is almost certain that Solana ETFs will be approved in 2025, the probability of SOL ETF approval is priced at 77% on Polymarket.
While Polymarket users estimate that the Solana ETF has a 77% probability of being approved by the SEC in 2025, Matthew Sigel, head of digital asset research at VanEck, said that this odds are low.
Sigel added that the probability of a Solana ETF being listed in 2025 is higher than that, and made the same prediction in November of last year, saying that the probability of a Solana ETF being approved in 2025 is very high.
As you may recall, in June 2024, it applied to the SEC to list spot Solana ETFs.
Matthew Sigel pointed out that Solana is a product that provides a better user experience than Ethereum.
*This is not investment advice.
