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Home » Solana Price Prediction as Bloomberg Says There’s 70% Chance of Solana ETF
Solana Price Prediction as Bloomberg Says There’s 70% Chance of Solana ETF
NFT

Solana Price Prediction as Bloomberg Says There’s 70% Chance of Solana ETF

NFT EveningBy NFT EveningFebruary 12, 20250 ViewsNo Comments
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Bloomberg ETF experts give 70% odds of approval for a Solana ETF in 2025.

So, will we see SOL surge this year, or could it be another sell-the-news event? Traders are also eager to learn about the implications for Solana-based altcoins such as Solaxy, the first-ever Solana layer 2 blockchain.

Solana ETF to Outperform Ether ETF Demand

James Seyffart, a senior ETF analyst at Bloomberg, says that Solana’s approval odds for an ETF are 70%. 

So far, Grayscale, VanEck, 21Shares, Canary, and Bitwise have filed 19b-4 forms to seek the approval of SOL ETFs. Seyffart notes that the SEC has acknowledged the filings but does not regard SOL as a commodity.

While this adds complication, he suggests, “The SEC & Commissioner Peirce’s Crypto task force will untangle some of the security vs commodity implications from lawsuits by the end of 2025.”

NEW: @EricBalchunas and I took a look at the filings for spot crypto ETFs. We’re putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now.

Here’s the table with the odds and some other details: pic.twitter.com/xaXaNXLb0M

— James Seyffart (@JSeyff) February 10, 2025

Seyffart is quietly optimistic about Solana ETF approvals, which is good news since he accurately predicted the launch of Bitcoin and Ethereum ETFs.

And adding to the excitement, analysts believe Solana ETFs could outperform Ethereum ETFs.

Prominent crypto trader Andrew Kang attributes this to SOL ETFs not possessing the same “Grayscale overhang.”

This is because, unlike the Grayscale Ethereum Trust, the Grayscale Solana Trust (GSOL) is trading close to the market price of SOL. Therefore, Kang expects less selling pressure from GSOL to Solana ETF conversions. 

From a demand standpoint, experts believe that Solana’s ETF could also perform better than Ethereum’s. JP Morgan analysts say it could “attract billions “ and provides a range of $3 – $6 billion in market cap growth.

Cointelegraph analysts note that Solana’s lower price (giving better perceived value for money) and lower market capitalization compared to Ethereum could make the ETFs more favored among investors.

Ethereum ETFs failed to live up to expectations after launching in July 2024, but experts believe things will be different for Solana.

Trader Says SOL to $450 in 2025

Popular trader CryptoZachLA suggests that the Solana ETF could propel the SOL price to $450.

He reasons that in addition to the ETF, major credit card companies and payment rails will utilize Solana and also that the Firedancer upgrade will happen this year, making Solana faster.

$SOL ETF will send it to $450+. Maybe not right away, but we already hit $295 with no ETF… we are definitely going at least 50% higher minimum.

Major credit card and payment processing companies utilize Solana.

Firedancer is also coming out, making TPS 10x+ faster

— Zach (@CryptoZachLA) February 11, 2025

Taking an even more optimistic outlook, prominent crypto trader Ansem suggests that SOL could hit $1,000. In addition to the Solana ETFs, Ansem cites the positive impact that Donald Trump will have on the crypto market as a bullish catalyst.

$SOL update #11 [$267]

closing this thread out here, 13.3x from ~$20 in about 18 months, hope everyone who tailed made some good money

i do still think it goes $1000+ just uncertain on timeframe, Trump + ETF trade will take longer to play out than current expectations

— Ansem 🧸💸 (@blknoiz06) January 24, 2025

That said, Ansem alludes that this could take longer than once expected, due to the recent headwind that altcoins have faced.

SOL currently trades at $195, down 33% from its all-time high (ATH) which occurred in January.

Despite the recent selloff, the future for Solana looks bright. While the road to $1,000 remains unclear, the catalysts of ETFs, card payments, Firedancer, and a pro-crypto president means that SOL will likely reach $450 this year.

However, numerous analysts believe that the biggest beneficiaries to Solana ETFs will be its ecosystem tokens. As SOL holders take profits amidst the rising SOL price, many will rotate into smaller Solana-based altcoins to compound their gains.

BlackRock just dropped a Solana ETF filing in February.$SOL at $500? The whole ecosystem’s gonna go nuclear.

Throw $150 into SOL alts now, and you could be sitting on $50K by March. This is about to get insane. pic.twitter.com/BPDZAVHU4y

— 𝐃𝐢𝐩 🕳️ (@Dip_Altcoins) February 9, 2025

In recent weeks, one of the most promising Solana altcoins to emerge is Solaxy, the world’s first Solana layer 2 blockchain.

Analyst Tips $SOLX For 10X ROI After Raising $19M at Presale

Solaxy will use off-chain computation and transaction bundling technology to offer even higher scalability than Solana.

The plan is to eradicate Solana’s congestion issue, which causes longer wait times and transaction failures in times of peak activity.

Solana has experienced substantial adoption this year in areas such as meme coins and AI – Solaxy aims to enable even more growth for these sectors in the years to come. Transactions on the network will be cheaper, faster, and more reliable than on the Solana layer 1.

The $SOLX token will be used for transaction fee settlement and within liquidity pools. It can also be staked for a 205% staking APY.

Jacob Bury, a well-known analyst from 99Bitcoins, says that Solaxy could give 10x gains once it lists on exchanges.

$SOLX is undergoing a presale and is available to buy on both the Ethereum and Solana networks, providing a deep liquidity pool to help it grow.

And given that Solaxy is so new, coverage from top media outlets like 99Bitcoins indicates that this project can garner interest at the highest levels.

The presale has raised $19.8 million so far, showing huge support from investors.

Visit Solaxy Presale



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