Author: Alex O'Donnell, CoinTelegraph; Compiled by: Whitewater, Golden Finance

Matthew Sigel, director of research at VanEck, said that the probability of Solana exchange-traded funds (ETF) being listed in the United States this year is even higher than that of popular Optimistic predictions from prediction markets.

On January 1, cryptocurrency prediction platform Polymarket said that the chance of the U.S. Solana ETF listing in 2025 is about 77%. In an article for the X platform, Sigel described Polymarket's forecast as "undervalued."

Sigel’s optimism reflects industry expectations that more cryptocurrency ETFs will be listed in the U.S. following President-elect Donald Trump’s victory in the November election. Trump, who supports cryptocurrencies, has said he wants to make the United States the "cryptocurrency capital of the world."

Prediction markets work by allowing users to trade contracts related to specific events, with prices dynamically fluctuating based on expected outcomes. Its projected ETF listing odds had risen to about 84% as of Jan. 2, according to the Polymarket website.

In June, VanEck and rival asset manager 21Shares sought permission from U.S. regulators to list the spot Solana ETF.

In August, the Securities and Exchange Commission reportedly questioned the asset manager's plans, citing concerns that SOL was a security rather than a commodity.

BTC, ETF ETF are the only two cryptocurrency ETFs approved to trade on U.S. exchanges. They use an atypical "grantor trust" structure, which is usually passively held. Fund design for a single type of commodity. Success may depend on whether the proposed Solana ETF fits into a similar structure, the issuer said.

Industry analysts believe that Trump’s presidential victory gave the green light to more than half a dozen proposed cryptocurrency ETFs awaiting regulatory approval to list in the United States.

In November, shortly after Trump won the U.S. presidential election, Sigel reportedly said the likelihood of U.S. approval of the SOL ETF in 2025 was now "extremely high."

Polymarket is the most popular cryptocurrency prediction platform, with nearly $2 billion in trading volume in December alone, according to Dune Analytics.

During the November U.S. election, the prediction platform was more accurate than traditional polls, not only predictingTrump's victory also predicted his party's sweep of the U.S. House of Representatives and Senate.

Forecasters are betting that 2025 will be a banner year for the cryptocurrency market, with BTC and ETH hitting all-time highs and several new cryptocurrency ETFs launching in the United States.