- Solana’s strong basic and developers grow fuel optimism for potential ETF approval.
- Increasing institutional interest in Altcoin ETF is increasing, and there are several applications according to the SEC review.
In 2025, the expectation surrounding the Altcoin ETF increased, and the spotlight was firmly placed in the potential Solana (SOL) ETF.
Industry executives have already expressed their expectations, and now Petera Capital has strengthened this prediction by citing the strong foundation of SOL.
Pantera Capital suggests the upcoming Solana ETF
In February 2025, Petera Capital released a report titled “Headwinds Being Tailwinds”. Common partners, COSMO JIANG and Investment Analyst Eric Wallach, emphasized the factors of changes in market epidemiology.
These changes can open the way for SOL ETF approval. The report was proposed.
“We also think Solana is one of the digital assets after Solana has ETF. It has a powerful foundation that supports positive investment cases, and is a digital asset that is widely traded on a good exchange with large -scale reputation that can be monitored, and ownership is widely distributed.
In fact, major companies such as Canary Capital, Vaneck, 21Shares, and Bitwise entered the race, reflecting the surge in demand for bringing SOL to Wall Street.
Why did Solana attract attention among other altcoins?
Solana’s evolution to the dominant smart contract platform causes these momentum to surpass competitors as a major metrics.
The network has attracted the largest number of new developers and handled record DEX trading volume. It even surpassed Etherrium (ETH) with the generated fee.
Raydium (Ray), the flagship Dex of Solana, surpassed 30%of Ether Leeum’s Uniswap (UNI) for two months.
PUMP.FUN Mania has surged Solana’s new token generation, and more than 90% of the new tokens have been released in the 4th quarter of 2024.
Solana is also a network that is also preferred for AI agent tokens and decentralized science (DESCI).
In 2024, 7,625 new developers joined Solana, exceeding Ether Leeum’s 6,456.
Increasing Solana’s dominion strengthens its position in the encryption market that emphasizes the powerful case of ETF approval.
What about other altcoin ETFs?
In other words, polymarket data suggests 84% chance of approval of SOL ETF in 2025.
However, despite this optimism, the price of SOL has fallen 1.30% over the last 24 hours, depending on coinmarketCap, facing short -term pressure.
This reduction may be associated with ETF guessing, but a wider market situation can also play an important role.
On the other hand, the interest in Altcoin ETF is expanding beyond Solana, with Ripple (XRP) ETF approval probability of 80%, Litecoin (LTC), 87%, Cardano (ADA), 59%, Dogecoin (DOGE), etc. It is expanding. .
The wave of potential ETF approval suggests that institutional appetite for encryption -based financial instruments is increasing and the acceptance of the mainstream of digital assets is increasing.