SOL ETF Speculation Heats Up for 2025!

On Jan. 2, Polymarket projected an 84% chance of a Solana ETF getting regulatory approval in the US in 2025.

Author

Danielle du Toit
January 03, 2025

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  • Industry Analysts Predict High Chances for Solana ETF in 2025

  • Bitcoin Investors Pull $333M from BlackRock IBIT ETF in Record Outflow

  • Morgan Stanley Mulls Crypto Trading Launch Through E-Trade Platform: Report

  • USDC Gains Momentum as Blockchain Adoption Diversifies

Solana (SOL) is kicking off the year strong, fueled by market activity and increasing excitement surrounding the potential approval of a US ETF.

  • By Jan. 2, Polymarket projected an 84% chance of a Solana ETF gaining regulatory approval in the US in 2025. This was up from 77% just a day earlier.

  • President-elect Donald Trump’s pledge to position the US as “the world’s crypto capital” fueled optimism for a much more lenient regulatory environment for digital assets.

  • Industry experts see Trump’s pro-crypto agenda as a driving factor for the SEC to approve various cryptocurrency ETFs, including Solana.

BlackRock’s iShares Bitcoin Trust (IBIT) recorded its biggest daily outflow since it launched about a year ago.

  • The fund experienced a $332.6 million outflow on Jan. 2, the largest since its launch in January of 2024.

  • The ETF’s outflows were also its third consecutive trading day of outflows, setting a new record for sustained withdrawals.

  • Despite these recent outflows, the BlackRock Bitcoin ETF is still ranked third among all US ETFs for inflows in 2024, with $37.2 billion in total inflows.

Investment bank Morgan Stanley is reportedly exploring launching crypto trading services through its E-Trade platform.

  • Morgan Stanley plans to offer E-Trade customers direct access to crypto trading, starting with Bitcoin (BTC) and Ethereum (ETH).

  • It seems like the decision was driven by the second Trump administration’s commitment to a more favorable regulatory environment for digital assets.

  • The bank still has to secure approval from the Federal Reserve due to its classification as a bank holding company before launching the service.

USDC's circulating supply surged 80% from its 2023 lows as on-chain activity and adoption across multiple blockchain networks grew.

  • USD Coin (USDC) saw an 80% increase in circulating supply from 2023 lows, driven by rising on-chain activity.

  • USDC holdings are now much more balanced, with 65% on Ethereum, 10% on Solana, and 15% distributed across Ethereum layer-2 networks like Base, Arbitrum, and Hyperliquid.

  • Analysts attribute the supply growth to heightened blockchain adoption and the diversification of USDC across multiple networks.

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