The Solana ETF train may officially be leaving the station. 

Cboe just refiled applications for Bitwise, VanEck, 21Shares, and Canary Capital. 

And with Trump's new SEC showing a lot of love for crypto, these ETFs might just see the stamp of approval before we know it.

New Sheriff in Town

Mark Uyeda is running the SEC now, and he's not playing Gary Gensler's game. 

Since Trump put him in charge on January 21, the crypto task force under Hester Peirce is actually trying to help, not hurt, the growing digital asset industry.

That means no more regulation by enforcement. 

The SEC's new crypto task force is building real guidelines, practical registration paths, and disclosure rules that make sense rather than imposing a reign of terror on builders. 

They're even talking to the CFTC – imagine that, some interagency cooperation. 

Big Bets Back It Up

Polymarket has the odds of a 2025 Solana ETF at 84%, up from 77% overnight. 

When prediction markets move that fast, someone knows something… or the collective wisdom is prevailing. 

Solana is crushing it on the news, hitting new recent highs of $269.96. 

CoinCodex sees $377-407 by December 2025, but that's without ETFs – add institutional money, and those targets might look conservative depending on how the general market holds up.

Solana’s DeFi On Fire

December's fees hit $893 million, with daily takes over $55 million. 

Solana is starting to beat Ethereum at its own game as it’s officially seeing $100 billion DEX volume versus ETH's $55 billion. 

Raydium, Jito, Pump.fun are all printing money right now.

These ETFs are the real deal, offering in-kind creation and redemption – institutional-grade stuff. 

That means better liquidity, tighter spreads, and serious Wall Street money finally getting easy Solana access.

To The Sol?

Bitcoin ETFs opened the door for institutional inflows, and now we’re seeing $100k shape up as a new (potential) floor. 

Ethereum followed shortly thereafter and is seeing massive tokenization occur on the platform.

Now Solana is knocking on the same doors, and the new SEC might just answer. 

Solana ETFs are now officially probable between Trump's pro-crypto stance and Uyeda's practical approach.

Solana's about to join Bitcoin and Ethereum in the big leagues, and Wall Street's ready to play.