Bloomberg ETF experts have a 70% chance of obtaining approval from Solana ETF in 2025.
So will we see this year’s Sol Surge, or maybe it’s a new sales event? Traders are also eager to understand the impact on sol-based alternatives, such as Solaxy, the first ever Solana Layer 2 blockchain.
Solana ETF beats ETHER ETF demand
James Seyffart, a senior ETF analyst at Bloomberg, said Solana’s recognition odds for the ETF are 70%.
So far, Grayscale, Vaneck, 21shares, Canary and Bitwise have submitted 19b-4 forms to seek approval from the SOL ETF. Seyffart noted that the SEC has acknowledged the document but does not consider SOL a commodity.
Although this adds to complications, he advises: “The SEC and Peirce’s crypto-working group, the SEC and Peirce’s commissioner, will unravel certain security and commodity impacts related to the lawsuit by the end of 2025.”
New: @ericbalchunas I read the documents to apply for the on-site cryptocurrency ETF. We are comprehensively proposing relatively high recognition probability. Currently, it focuses mainly on Litecoin, Solana, XRP and Dogecoin.
Here is a table for desktop and some other details: pic.twitter.com/xaxanxlb0m
– James Seyffart (@jseyff) February 10, 2025
Seyffart is very optimistic about the Solana ETF approval, which is good news because he accurately predicted the launch of Bitcoin and Ethereum ETFs.
Analysts believe that the Solana ETF can outperform the Ethereum ETF.
Famous crypto trader Andrew Con Attribute this to sol etfs without the same “grayscale overhang”.
This is because, unlike the Grayscale Ethereum Trust, transactions on Grayscale Solana Trust (GSOL) are close to the market price of SOL. Con therefore expects less sales pressure to convert from GSOL to SOLANA ETF.
From a demand perspective, experts believe Solana’s ETFs can also perform better than Ethereum. JP Morgan Analyst explain It can “attract billions of dollars” and provide $3-6 billion in market cap growth.
COINTELEGRAPH Analyst notes Compared to Ethereum, Solana’s lower price (giving better value as value) and lower market cap may make ETFs favored among investors.
The Ethereum ETF failed to meet expectations after its launch in July 2024, but experts believe the situation in Solana will be different.
Trader says SOL is $450 in 2025
Popular Trader Cryptozachla believes the Solana ETF can push the Sol price to $450.
He believes that in addition to ETFs, major credit card companies and payment rail will also take advantage of Solana, and the firing upgrade will take place this year, making Solana faster.
$ sol The ETF sends it to $450+. Maybe not right away, but we’ve reached $295 without an ETF… We’re sure to be at least 50% higher.
Major credit card and payment processing companies utilize Solana.
Shooters are out, making TPS 10x+ faster
-Zach (@cryptozachla) February 11, 2025
In a more optimistic view, well-known crypto trader Ansem has shown that Sol could reach $1,000. In addition to the Solana ETF, Ansem also cites the positive impact of Donald Trump as a bullish catalyst.
$ sol Update #11 [$267]
Close this thread here, about $20 in about 18 months, hope everyone with tail can make money
I still think this is $1000+ uncertain timeframe, and Trump+ETF trading is longer than expected at the moment
– ansem🧸💸 (@blknoiz06) January 24, 2025
That said, due to the recent headwinds faced by altcoins, Ansem hints that this may be longer than before.
SOL is currently trading at $195, down 33% from its all-time high (ATH) that occurred in January.
Despite its recent abandonment, Solana’s future looks bright. While the $1,000 road is unclear, the catalyst for ETFs, card payments, dismissors and pro-President Cletopus means SOL could hit $450 this year.
However, many analysts believe that the biggest beneficiary of the Solana ETF will be its ecosystem token. As Sol holders make profits in the rising Sol price, many will spin into smaller Solana Altcoins to make their returns more complicated.
Blackrock just gave up the Solana ETF file in February.$ sol $500? The entire ecosystem will be verified.
Now put $150 into Sol Alts and you might be sitting on $50,000 by March. This will get crazy. pic.twitter.com/bpdzavhu4y
– 𝐃𝐢𝐩𝐩🕳️ (@dip_altcoins) February 9, 2025
One of the most promising Solana Altcoins in recent weeks has been Solaxy, the world’s first Solana Layer 2 blockchain.
Analysts Tips $SOLX for 10x ROI after raising $19 million in pre-sale
Solvent Off-chain computing and transaction bundling technology will be used to provide greater scalability than Solana.
The plan is to eliminate congestion issues in Solana, which can lead to longer wait times and transaction failures during peak activity.
Solana has experienced a lot of adoption this year in areas like meme coins and AI – Solaxy’s goal is to provide more growth for these sectors in the coming years. Compared to Solana Layer 1, transactions on the network will be cheaper, faster and more reliable.
The $solx token will be used in the transaction fee settlement pool. It can also fix it in 205% APY.
Jacob Bury, a well-known analyst 99bitcoinsSay, Solaxy can bring 10x returns once listed on the exchange.
https://www.youtube.com/watch?v=m1t1igywk
$SOLX is undergoing pre-sales and can be purchased on Ethereum and Solana networks, providing a deep pool of liquidity to help it grow.
Given that Solaxy is so new, the coverage from top media such as 99bitcoins shows that the project can attract interest at the highest level.
So far, pre-sales have raised $19.8 million and have received huge support from investors.
Visit Solaxy Presale
