The long-awaited decision date for the spot Solana 
$256 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 and MELANIA by the 47th U.S. President Donald Trump has further increased Solana’s popularity.
Despite overall market declines, the SOL coin is consolidating near peak levels, further demonstrating market participants’ expectations for approval. All these developments highlight factors supporting the optimism surrounding the approval.
Which Assets Will the SEC Decision Impact?
If the ETF decision is favorable, discussions are ongoing regarding which Solana-based altcoins will benefit the most. DeFi projects, or decentralized finance assets, are expected to be the quickest to react to this process. Notably, projects like RAY, KMNO, CLOUD, and JUP are predicted to experience significant price surges.
Additionally, Solana-based altcoins focusing on the tokenization of real-world assets (RWA) are also anticipated to stand out. Coins like PARCL and CHEX are gaining attention due to increased institutional interest. It is also noted that artificial intelligence-focused Solana-based altcoins could rapidly rise following the ETF approval.
Experts emphasize that the decision to be announced in the coming hours will not only determine the future of the SOL coin and the Solana ecosystem but also shape the trajectory of the overall cryptocurrency market.
