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VanEck’s proposed spot Solana ETF has been listed on the Depository Belief and Clearing Company (DTCC) web site, a powerful procedural signal that Securities and Trade Fee (SEC) approval could also be close to.
The transfer coincides with rising dealer confidence on Polymarket that each Solana and XRP ETFs can be authorised in 2025.
Odds on Polymarket contracts now present a 91% probability {that a} Solana ETF can be authorised this yr, whereas the likelihood for an XRP ETF hit 90% after the SEC opened public feedback on Franklin Templeton’s proposals for each belongings.
Merchants Assured Solana ETFs Might Will Acquire Approval By Finish July
Odds on a contract for a Ripple (XRP) ETF approval this yr jumped 19% within the final 24 hours, pushing the chances to 90%. Equally, odds on a contract asking whether or not SOL ETFs will get the regulatory nod surged 17%, pushing the whole odds to 91%.
Within the brief time period, customers on Polymarket are additionally assured {that a} spot SOL ETF can be authorised as quickly as the top of July. Odds on a associated contract pumped 9% up to now 24 hours as nicely, with greater than half of the votes assured the approval will occur on this time-frame.
What Eric stated. I would not be utterly shocked if we see approvals for Solana ETFs within the subsequent month or so. However i additionally would not be shocked if we’ve to attend till the ultimate deadline in October. Timeline unknown
At finish of day — the SEC is partaking and that is an excellent signal
— James Seyffart (@JSeyff) June 17, 2025
Nevertheless, Polymarket customers aren’t as assured that an XRP ETF will get the greenlight subsequent month, with odds on a contract asking the query plunging 37%. That is probably as a result of Ripple’s ongoing authorized case with the SEC.
SEC Opens Franklin Templeton ETFs To Remark
The surge in SOL and XRP ETF approval odds on Polymarket comes after the SEC opened public feedback for 2 proposed ETFs by Franklin Templeton to be listed on the Chicago Board Choices BZX Trade.
In a bunch of filings yesterday, the regulator stated it was shifting ahead with proceedings that would enable the change to commerce shares of the Franklin XRP ETF and Franklin Solana ETF.
That’s after the Cboe BZX Trade filed for a proposed rule change with the company again in March to permit for the approval of the funding automobile. The SEC had delayed a call on the proposed rule change in April, setting an middleman deadline for the choice to yesterday.
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