Remittix (RTX) Gains Traction as It Shakes Up the Status Quo for Global Payments

Speculation around a SOL ETF has been rampant in the crypto space over the last few weeks, with some prominent analysts predicting an influx of spot ETFs in the latter half of 2025.

In a surprising turn of events, analysts at Bloomberg Intelligence predict that a Solana ETF could hit the market by late 2025, following a similar timeline as Ethereum's ETF.

This development has sparked widespread interest, especially as several institutions are applying for Bitcoin ETFs, setting the stage for a potential influx of spot ETFs in the latter half of 2025.

However, some figures in the crypto sphere, such as Charles Hoskinson, believe that a Bitcoin ETF has already been approved, and its launch is now pending.

With an ETF, institutional investors would gain regulated exposure to Solana, driving up demand for the token and potentially sending it to new highs.

If an ETF is approved, it could pour fuel on the already heated Solana fire, pushing the token to levels never seen before.

After a 39.5% price drop this month, Solana is currently trading at $138.73, down 21.5% in the last week alone. The token has been struggling to regain momentum after weeks of volatility.

Some hope a Solana-based ETF could be the catalyst that sends the token soaring again.

However, analysts at CoinDesk argue that Solana's track record with network outages and its association with risky meme coins could make regulators hesitant to approve a SOL ETF.

They believe that a sustained period of network stability and stronger partnerships with major financial institutions are crucial for securing ETF approval.

Moreover, they highlight the importance of clear regulatory frameworks and a broader ecosystem of Solana-based projects and products in facilitating broader institutional adoption of the token.

Therefore, while the possibility of a SOL ETF is generating excitement, it's important to note that no official filings for a Solana ETF have been made yet.

If an ETF is approved, it could have a significant impact on the token price, potentially driving it to new highs.

However, until an ETF filing is made, the speculation remains just that: speculation.

In other news, renowned crypto developer and co-founder of Cardano, Charles Hoskinson, has revealed that a Bitcoin ETF has already been approved and its launch is now pending.

Speaking at the Chainlink Paris conference, Hoskinson stated that the U.S. Securities and Exchange Commission (SEC) has completed the approval process for a Bitcoin ETF, but the product is yet to be launched.

This assertion comes as several institutions are applying for Bitcoin ETFs, paving the way for a potential influx of spot ETFs in the latter half of 2025.

However, some figures in the crypto sphere believe that a Bitcoin ETF has already been approved, and its launch is now pending.

According to reports by Bloomberg, the SEC has not yet approved any applications for spot Bitcoin ETFs, despite receiving several in recent years.

The regulator is currently reviewing applications from asset managers such as BlackRock and Invesco, which are among the institutions that have applied for Bitcoin ETFs.

These applications come as part of a broader push by institutional investors to gain access to the cryptocurrency market in a regulated and structured manner.

A recent report by the asset management company, Chain Aisle, highlights the significant demand for Bitcoin ETFs, with over 1.5 million retail investors in the U.S. alone expressing interest in such products.

Moreover, the report underscores the potential for Bitcoin ETFs to generate substantial revenue for asset managers, considering the high volumes typically traded in ETF products.

Despite the interest and applications, the SEC has faced pressure from consumer groups and Democratic lawmakers to reject the applications.

These groups argue that the ETFs could open the door to price manipulation and other abuses, while they believe that the agency should prioritize applications for multi-asset crypto ETFs.

However, if an ETF is approved, it could have a significant impact on the token price, potentially driving it to new highs.

Stay tuned for more updates.

Follow us on Twitter for the latest crypto news and analysis.

Don't miss out on the latest crypto news, views, and analysis. Subscribe to the Chain Aisle email newsletter today.

The post Solana ETF: Could a Spot Fund Send the Token to New Highs? appeared first on Chain Aisle.