Grayscale’s Solana ETF Filing Fails to Boost Approval Odds on Prediction Markets

2025-4-5 19:45

Grayscale has submitted a registration statement with the SEC to convert its Grayscale Solana Trust (GSOL) into an ETF listed on NYSE Arca. 

Despite the filing, prediction markets remain unconvinced about the chances of approval.

Is a Solana ETF Approval Still Unlikely for Q2?

On Polymarket, odds for a Solana ETF approval in the second quarter of 2025 stand at just 23%. Broader expectations for any 2025 approval are at 83%, down from 92% earlier this year.

The decline reflects regulatory delays. In March, the SEC extended review timelines for several ETF applications tied to Solana, XRP, and other altcoins. 

Polymarket Odds on a Solana ETF Approval by July 31. Source: Polymarket

This pattern suggests the agency may be holding off on decisions until a permanent chair takes over. Mark Uyeda, currently serving as interim chair, has not signaled a shift in stance.

Paul Atkins, Trump’s nominee to lead the agency, appeared before the Senate last week. Lawmakers questioned his involvement in crypto-related businesses, adding further uncertainty around future approvals.

Grayscale’s latest filing excludes staking, which could speed up the review process. The SEC has previously objected to staking features in ETF proposals. 

When spot Ethereum ETFs moved forward last year, Grayscale, Fidelity, and Ark Invest/21Shares all removed staking components to align with the SEC’s expectations at the time.

Under Gary Gensler’s leadership, the SEC expressed concern that proof-of-stake protocols could fall under securities law. Asset managers adjusted their applications accordingly to move forward.

Following approvals for spot Bitcoin and Ethereum ETFs, several firms aim to expand their offerings to include other cryptocurrencies. They plan to offer access through traditional brokerage accounts without requiring direct asset custody.

Solana remains a strong contender due to its growing futures market in the US and a more favorable regulatory environment. Analysts view it as one of the next likely approvals if the SEC opens the door to more altcoin ETFs.

The post Grayscale’s Solana ETF Filing Fails to Boost Approval Odds on Prediction Markets appeared first on BeInCrypto.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Solana (SOL) на Currencies.ru

$ 76.27 (+0.02%)
Объем 24H $1.389b
Изменеия 24h: 0.75 %, 7d: 2.95 %
Cегодня L: $75.91 - H: $76.47
Капитализация $44.428b Rank 7
Цена в час новости $ 120.54 (-36.73%)

odds prediction markets grayscale approval solana etf

odds prediction → Результатов: 63


Polymarket prediction data shows Trump taking the lead over Harris

Polymarket shows Trump leading the race; however, other betting trackers show Harris still in the lead The Republicans have seen 102,000 new registered voters compared to the Democrats’ 96,000 Elon Musk endorsed Trump during a Pennsylvania rally over the weekend The odds of former US President Donald Trump winning the election against Vice President Kamala […] The post Polymarket prediction data shows Trump taking the lead over Harris appeared first on CoinJournal.

2024-10-7 17:30


Фото:

US election Polymarket odds close to tightest since mid-September amid new 2020 election challenge

The 2024 US presidential election race remains highly competitive on prediction markets, with odds tightening recently on Polymarket, the leading blockchain-based prediction platform. As of press time, the “Presidential Election Winner 2024” market on Polymarket shows an extremely close contest between the frontrunners.

2024-10-4 11:35


Фото:

Cryptocurrency Futures and Prediction Markets Show Trump Wins the US 2020 Election

In less than 270 days the United States will have its 2020 election and millions of people worldwide will be betting on whether Donald Trump is reelected. Cryptocurrency participants are currently wagering their digital assets on the election outcome, where the odds on prediction markets and betting sites indicate Trump will likely win.

2020-2-9 19:20


BX.BET ICO

BX is a blockchain-based betting and prediction market ecosystem, designed to change the way the world bets. With BX, we are creating a decentralized betting exchange without a middleman and centralized structures, that has the ability to disrupt and redefine the traditional betting industry by offering its users a unique and enhanced experience.

2018-7-16 21:37