The probability that the SEC will approve a spot Solana ETF application by July 31, 2025 has risen to 71% on Polymarket. Yesterday, Nate Geraci, president of The ETF Store, disclosed that VolatilityShares has submitted an application to US regulators to launch a leveraged ETF based on Solana futures. In response, Bloomberg senior ETF analyst Eric Balchunas wrote on the X platform that if the Solana futures ETF is approved, it will promote the launch of the spot Solana ETF.