Solana ETF Approval Gains Momentum for 2025

Nate Geraci, president of The ETF Store, wrote on X that he expects spot Solana ETFs to gain regulatory approval in 2025, joining a growing chorus of industry observers anticipating expanded cryptocurrency investment options.

In fact, five asset managers—Grayscale, VanEck, 21Shares, Bitwise and Canary Capital—have filed applications for Solana ETFs.

Betting markets also reflect growing optimism around potential approval, with Polymarket showing a 77% probability that the Securities and Exchange Commission will greenlight spot Solana ETFs in 2025, according to data from the prediction platform.

The outlook for Solana ETFs follows the recent success of other cryptocurrency investment products. The largest bitcoin ETF, the iShares Bitcoin Trust (IBIT), has accumulated more than $37 billion in assets since its launch last year, becoming the most successful new fund in history.

What Makes Solana ETFs Different

Solana operates as a blockchain platform designed for speed and efficiency. The network can process many more transactions per second with lower fees than blockchains like Ethereum, making it more attractive for decentralized finance applications and digital asset trading.

Products offering Solana exposure currently include the Grayscale Solana Trust (GSOL), a closed-end fund that trades on over-the-counter markets.

Read More: What Is Solana and Will There Be a SOL ETF?

ETF manager Volatility Shares has already submitted filings for three ETFs focused on Solana futures, though such futures are not yet available on Commodity Futures Trading Commission-regulated exchanges.

Beyond Solana, Geraci’s predictions for 2025 include several developments in the crypto ETF space. He anticipates the combined launch of spot bitcoin and Ethereum ETFs, the introduction of spot Ethereum ETFs options trading, and new features for existing products like in-kind creation and redemption for bitcoin and Ethereum ETFs.

Geraci also forecasts the launch of staking-enabled spot Ethereum ETFs, allowing investors to earn yields on their holdings while maintaining the convenience of an exchange-traded product.

“Actually, these all will happen,” Geraci declared in his New Year's Day social media post.