Summary
- Polymarket users predict a 77% chance of Solana (SOL) spot ETF approval this year.
- VanEck's Matthew Sigel considers this undervalued and believes the actual approval likelihood is higher.
- Last year, Matthew Sigel mentioned a high likelihood of Solana ETF approval.
While Polymarket users are predicting a 77% chance of Solana (SOL) spot Exchange Traded Fund (ETF) approval this year, Matthew Sigel, head of digital asset (cryptocurrency) research at U.S. asset management firm VanEck, stated on the 2nd (local time) via X (formerly Twitter) that "this is undervalued."
He added, "The probability of a Solana ETF being listed is higher than that."
Meanwhile, he also mentioned last November that "the likelihood of a Solana ETF being approved next year is very high."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
