The spot Solana ETF proposed by VanEck has recently been officially listed on the website of the Depository Trust & Clearing Corporation (DTCC) in the United States, which is seen as a strong signal that the U.S. Securities and Exchange Commission (SEC) is about to approve the ETF. Meanwhile, the confidence of Polymarket traders in the regulatory approval of Solana and XRP ETFs continues to rise.
According to data from Polymarket, the probability of the Solana ETF being approved by the SEC this year has soared to 91%, while the approval odds for the XRP ETF have also reached 90%. These figures reflect the market's positive expectations for the prospects of these two cryptocurrency asset ETFs.
Specifically, traders are generally optimistic that the Solana ETF could be approved as early as the end of July. In the past 24 hours, the odds related to the Solana ETF contracts have increased by 17%, while the odds for XRP ETF contracts have risen by 19%. Nevertheless, Polymarket users are cautious about the XRP ETF being approved next month, with the odds for related contracts once dropping significantly by 37%, possibly due to the ongoing legal dispute between Ripple and the SEC.
Previously, the SEC solicited public comments on the Solana and XRP ETFs planned to be listed on the Cboe BZX by Franklin Templeton. The agency indicated in recent filings that it is advancing the related procedures and may approve the trading of these two ETFs.
As early as March this year, the BZX exchange submitted a rule change application to the SEC to support the listing of these two ETFs. Although the SEC delayed the decision in April and set the final determination deadline for the near future, recent developments and the listing by DTCC have filled the market with anticipation for the prospects of the ETFs.
