The long-awaited decision date for the spot Solana $263 ETF application has finally arrived. Following the assessment between January 23 and 25, the U.S. Securities and Exchange Commission (SEC) is expected to announce its decision in the coming hours. According to data from prediction platform Polymarket, there is an 80% chance that a Solana-based spot ETF will be approved within this year.
Why Are Markets Eager for the Spot Solana ETF Approval?
The markets are signaling strong indications that the spot Solana ETF could receive approval. The minting of $3.5 billion in stablecoins on the network in the past ten days suggests that major players are taking action. Moreover, the issuance of two meme coins named TRUMP ($33.21) and MELANIA by the 47th U.S. President Donald Trump has further increased Solana’s popularity.
Despite overall…
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