High Possibility of Solana Exchange-Traded Funds by 2025 - Should You Invest in SOL Today?
Breaking News: Solana ETFs on the Horizon?* Now's the time to prep for a Solana summer!
According to industry insiders, it's looking likely that U.S. spot Solana [SOL] ETFs could roll out as soon as next month!
That's right - James Seyffart, a top analyst, confirmed that discussions about the particulars of staking SOL within ETFs are in the pipelines between the SEC and eager Solana ETF creators.
"The wheels are turning on talks about the nitty-gritty of staking Solana in ETFs between the SEC and Solana ETF hopefuls," Seyffart stated.
Got your attention, Solana enthusiasts? If you missed it, several major players, including Grayscale, Canary, VanEck, 21Shares, and Bitwise, have already submitted their bid for a SOL ETF, with a final verdict coming in October.
Bloomberg's crystal ball seems to be in working order, with predictions pointing to a whopping 90% chance of these products hitting the market by 2025.
But what about the short term? As reported by senior Bloomberg ETF analyst, Eric Balchunas, crypto ETFs and SOL ETFs could potentially lead the charge in a hot summer for Alt Coins.
"Soak up the sun for a Potential Alt Coin ETF Summer, with Solana stealing the show (along with some basket goodies)!" Balchunas proclaimed.
Intrigued by the potential accelerated approval process, another analyst, Nate Geraci, suggested that recent technical maneuvers by Rex-Osprey might compel the SEC to hasten their decision.
"Take a closer look at the SEC, they might be expediting approval for SOL spot ETFs and staking ETFs for eth and sol in response to Rex-Osprey's quick move!" Geraci commented.
Rex-Osprey bypassed the conventional 19b-4 filing procedure in favor of the Investment Company of 940 (40-Act) process, shortening the waiting period.
Speaking of waiting periods, the crypto space is buzzing with optimism. SOL's 25 Delta Skew surged from 2 to 4 across three-week, one-month, and two-month tenors.
What's up with that you ask? Well, it means that call premiums - read: bullish bets - are dominating the scene over bearish bets, suggesting a general bullish vibe as we anticipate potential ETF and staking approval.
Digging deeper into the data, on-chain indicators also signal that SOL may be somewhat undervalued at the moment. Based on the MVRV Z-Score, SOL is far below its previous local peaks.
Historically, SOL's price peaks at $200 early 2024 and $295 early 2025 were preceded by the MVRV Z-Score shooting up above 2. Currently, the indicator reading is 0.47, hinting at substantial potential for growth if history repeats itself.
In conclusion, the hype is real - the crypto sphere is bullish as Solana ETF and staking approval looms ahead.
SOL seems to be poised for a favorable ride with on-chain indicators hinting at an undervalued asset and the potential ETF approval pushing demand higher.
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- The SEC meetings and discussions about staking Solana [SOL] within ETFs could potentially bring Solana ETFs to the market as soon as next month.
- Many major players, such as Grayscale, Canary, VanEck, 21Shares, and Bitwise, have already submitted their bid for a SOL ETF.
- Bloomberg analysts predict a whopping 90% chance of crypto ETFs and SOL ETFs hitting the market by 2025.
- With potential ETF approval, the demand for Solana may increase and the alt coin summer could be led by Solana.
- On-chain indicators also suggest that Solana may be undervalued at the moment, hinting at substantial potential for growth if its past performance repeats in the future.
