VanEck Research Head Reveals Over 77 Percent Chances of 2025 US Solana ETF Listing
As we dive into a new year, the cryptocurrency market is abuzz with predictions and forecasts about what’s to come. One development that has garnered significant attention is the potential listing of a Solana (SOL) exchange-traded fund (ETF) in the United States. According to Matthew Sigel, VanEck’s head of research, the odds of such an event occurring in 2025 are even higher than what’s currently being forecasted by popular betting markets.
Polymarket’s Forecast: A Low-Hanging Fruit?
On January 1st, cryptocurrency prediction platform Polymarket released its latest forecast on the probability of a US Solana ETF listing. The odds were placed at around 77%, with many industry observers describing this as an underpriced forecast. Sigel, however, believes that these odds are too conservative.
Sigel’s Optimism: A Reflection of Industry Expectations
Sigel’s optimism mirrors the overall sentiment in the industry regarding the prospects of a Solana ETF listing in the US. The news of President-elect Donald Trump’s November election win sent shockwaves throughout the financial sector, with many expecting a more favorable regulatory environment for cryptocurrency and blockchain-related projects.
Trump’s Vision: A Crypto Haven
In his presidential campaign, Trump expressed his desire to make America "the world’s crypto capital." This promise has been interpreted by many as a green light for the development of a robust and supportive ecosystem for cryptocurrencies in the US. As Sigel noted, the odds of a Solana ETF listing in 2025 are now overwhelmingly high.
The Path Forward: A Regulatory Hurdle
VanEck and rival asset manager 21Shares have been seeking permission from US regulators to list spot Solana ETFs since June. However, their plans were recently challenged by the Securities and Exchange Commission (SEC), citing concerns that SOL qualifies as a security rather than a commodity.
The Grantor Trust Structure: A Potential Solution
Issuers are now looking at the possibility of conforming to a grantor trust structure typically designed for funds that passively hold a single type of commodity. This structure is used by Bitcoin (BTC) and Ether (ETH) ETFs, which are currently the only two types of cryptocurrency ETFs permitted to trade on US exchanges.
Industry Analysts See a Bright Future Ahead
Industry analysts believe that Trump’s presidential win has given a boost to more than half a dozen proposed crypto ETFs waiting on regulatory approval to list in the US. With this newfound optimism, it’s no wonder that betting markets are predicting a bullish year for cryptocurrency markets.
The Power of Polymarket: A Leading Cryptocurrency Betting Platform
Polymarket is the most popular cryptocurrency betting platform, clocking nearly $2 billion in trading volume in December alone. This impressive feat has cemented its position as a leading player in the industry. During the US elections, Polymarket proved to be more accurate than traditional polling, forecasting not only Trump’s win but also his party’s sweep of the US House and Senate.
Bettors Are Wagering on a Banner Year for Cryptocurrency
As we look ahead to 2025, it’s clear that bettors are wagering on a bright future for cryptocurrency markets. With BTC and ETH expected to hit all-time highs and several new types of crypto ETFs listing in the US, the stage is set for a thrilling year.
A Banner Year for Cryptocurrency: What Can We Expect?
As we dive into 2025, it’s clear that the cryptocurrency market is poised for significant growth. With the potential listing of a Solana ETF in the US and several new types of crypto ETFs on the horizon, investors are expected to reap rewards from this exciting development.
Conclusion: A Bright Future Ahead
In conclusion, the odds of a Solana (SOL) exchange-traded fund (ETF) listing in the United States this year are higher than what’s currently being forecasted by popular betting markets. With industry analysts predicting a bright future ahead and bettors wagering on a banner year for cryptocurrency, it’s no wonder that optimism is running high.
Related Articles:
- Betting Markets Predict Bullish 2025 for Crypto: Learn more about the latest predictions from Polymarket.
- Favorable Listing Prospects: Discover how VanEck and rival asset manager 21Shares are seeking permission to list spot Solana ETFs in the US.
Sources:
- Polymarket: Check out their website for the latest forecast on a US Solana ETF listing.
- Magazine: How Crypto Laws Are Changing Across the World in 2025: Stay up-to-date with the latest developments in the cryptocurrency space.
