Pantera Capital has added its voice to the significant percentage of the cryptocurrency community that is very optimistic about Solana Exchange Traded Funds (ETF). The crypto investment firm says the fund will be approved by the United States Securities and Exchange Commission (SEC) next. Why Pantera Capital is Optimistic About Solana ETF Cosmo Jiang, General Partner, and Eric Wallach, Investment Analyst of Pantera Capital, noted this conclusion in their February 2025 Blockchain Letter issue. They cited an increase in developer and economic activity, rapid ecosystem growth, and the outstanding performance of SOL’s price fueling this optimism. For more perspective, these key industry players highlighted Solana’s emergence in the Decentralized Finance (DeFi) sector. The blockchain suddenly became a dominant smart contracts platform when it became the leader in attracting new developers. In no time, Solana processed the largest volume of DEX trading and even outperformed Ethereum (ETH) in generated fees. Solana-based Products Trigger Positive Momentum in the Ecosystem Amongst other Decentralized Exchanges (DEXes), Solana’s flagship product, Raydium (RAY), also exceeded Uniswap (UNI) by a 30% increase in trading volume for two consecutive months. Considering Uniswap’s reputation as a dominant EVM DEX, this marked a significant win for Solana. Then there is Pump.fun, the reigning Solana memecoin launchpad, which keeps raising the bar. Pump.Fun broke records when it earned $100 million in revenue within 217 days. On January 24, it set a new milestone by amassing $15.38 million in daily fees, driven by Vine Coin. These records and the growing memecoin mania on the launchpad have contributed to Solana’s leadership in creating new tokens. Out of the new tokens launched in Q4 2024, the Solana blockchain welcomed more than 90%. Top Asset Managers Awaits SOL ETF Approval Some asset managers have pushed out their applications on the subject of Solana ETFs. In no particular order, Bitwise, VanEck, 21Shares, and Canary Capital have filed their spot Solana ETF S-1 registration with the US SEC. More proactively, Cboe BZX Exchange has filed four 19b-4 proposals on their behalf. Before 2024 ended, Grayscale also submitted its application to convert its existing Grayscale Solana Trust into a spot Solana ETF. The post Solana ETF is Next to Receive SEC Greenlight, Says Top VC Firm appeared first on TheCoinrise.com .
