Will a Solana ETF Be Approved in March 2025? SOL Price Could Skyrocket As BlackRock Stay Tight Lipped

The article discusses the potential approval of a Solana ETF in March 2025, with Bloomberg analysts giving it a 70% chance of SEC approval. The post also touches on the regulatory challenges Solana faces, as it may be classified as a security, which could impact ETF approvals.

There is mention of Franklin Templeton leading the way with a proposal for a Solana ETF that includes staking rewards, and other firms like Grayscale and VanEck showing interest in SOL-based products. However, BlackRock, a major player in crypto ETFs, has not made any moves with SOL yet.

The article also addresses the perception of Solana as a “meme chain” due to its association with volatile projects but highlights how an ETF approval could legitimize its capabilities for finance and commerce. It mentions the potential for mainstream financial acceptance and increased adoption of tools like Solana Pay with ETF approval.

Finally, the post speculates on the future price trajectory of SOL and raises questions about whether Solana can fulfill its vision of becoming the “Nasdaq of blockchain.” It concludes by pointing out that Ethereum’s dominance was once threatened by Solana and now SOL is facing challenges until an ETF is approved.