The likelihood of a Solana (SOL) exchange-traded fund (ETF) being listed in the United States by 2025 is now higher than previously anticipated, according to Matthew Sigel, VanEck’s head of research. Sigel remarked that the 77% forecast made by cryptocurrency prediction platform Polymarket for a US Solana ETF listing in 2025 is “underpriced.” This prediction has since been adjusted to approximately 84%.
Sigel’s optimistic outlook aligns with broader industry expectations following pro-crypto sentiments expressed by President-elect Donald Trump, who has committed to transforming America into the “world’s crypto capital.” This could mean a more favorable climate for new crypto ETF listings in the US.
The journey toward getting a Solana ETF in the US has encountered regulatory hurdles, particularly from the US Securities and Exchange Commission (SEC), which has raised concerns about whether Solana qualifies as a security. To date, only Bitcoin (BTC) and Ether (ETH) ETFs that utilize a “grantor trust” structure—a mechanism typically reserved for commodities—are permitted to trade on US exchanges.
Industry analysts believe Trump’s victory in the presidential race indicates that more than six proposed crypto ETFs, awaiting regulatory green light, might get a nod for listing. Betting markets, which outperformed traditional polling during the recent US elections by accurately predicting Trump’s win and his party’s success in Congress, have reflected this optimism, betting on a significant upswing in cryptocurrency market performance in 2025. This includes projections of all-time high values for both BTC and ETH, and the introduction of new types of crypto ETFs.
