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Leah Wald, CEO of Sol Strategies, expresses skepticism about the approval of spot Solana ETFs in the U.S. by 2025, citing regulatory challenges and the need for education on Solana's unique features. While Canada may lead in ETF innovation, major asset managers are pushing for U.S. approvals, with key deadlines approaching in January. Brazil has already approved its first Solana ETF, setting a precedent for other regions.
The U.S. crypto market is poised for expansion with new ETFs targeting assets like XRP, Solana, Litecoin, and HBAR expected in 2025, following the success of Bitcoin ETFs that have attracted over $35 billion in inflows. As institutions like VanEck and 21Shares submit applications, regulatory shifts may facilitate this growth, especially with potential changes in SEC leadership. Despite recent withdrawals from existing Bitcoin and Ether ETFs, the overall market sentiment remains optimistic, with Bitcoin's price showing a significant upward trend.
Solana's price surged over 10% to exceed $200 following a $55 million SOL transfer to Kraken, coinciding with increased speculation around a potential U.S. spot Solana ETF approval. Analysts suggest that such approval could push Solana's price toward $400, with major asset managers vying to launch the first ETF. Globally, Brazil's approval of its first Solana ETF has further fueled market optimism, contributing to Solana's growing appeal.
Solana's price surged to around $206.89, rebounding from a post-Christmas dip below $200, amid growing anticipation for a U.S. spot SOL exchange-traded fund (ETF). With an 85% chance of SEC approval for the ETF by 2025, analysts predict SOL could reach $400, driven by increasing interest from asset managers. However, the asset's legal status remains uncertain due to ongoing scrutiny by the SEC, which has previously classified SOL as a security.
21Shares Bitcoin ETP
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