The U.S. SEC (Securities and Exchange Commission) is expected to approve spot Solana-ETFs by the end of 2025, according to Matthew Sigel, Head of Digital Asset Research at VanEck. In his statement to the Financial Times, Sigel emphasized the growing optimism in the industry.
"The chances of approval by next year are extremely high," he noted.
Sigel highlighted that potential changes in SEC leadership could foster innovation and drive the expansion of exchange-traded funds based on digital assets. "We expect the SEC to approve more crypto products than in the past few years," he added. This aligns with broader crypto market predictions about regulatory progress fueling growth.
Matt Hougan, CIO at Bitwise, echoed similar sentiments, suggesting that upcoming U.S. presidential elections could reshape the crypto landscape dramatically.
"The industry has operated under significant pressure for years. Once the regulatory challenges subside, we’ll witness explosive growth in crypto predictions, applications, and mainstream adoption," Hougan stated. He added that this shift would have a profound impact on the real-world economy, aligning with current forecast trends for digital assets.
New ETF applications reflect market optimism
VanEck filed its application for a spot Solana-ETF in June. Bitwise followed in September with a spot XRP-ETF proposal, while Canary Capital introduced a Litecoin-ETF application in October. In November, Swiss firm 21Shares joined the competition, signaling heightened interest in ETF innovations.
Forecasts and expectations for the crypto market
Experts predict accelerated adoption of crypto solutions alongside surging trading volumes. This is supported by the recent milestone of $500 billion in total trading volume for spot Bitcoin-ETFs. The evolving regulatory landscape and crypto market predictions suggest significant opportunities for further growth.
