The President of The ETF Store, Nate Geraci, said: "I believe there is a high possibility that the Solana ETF will be approved by the end of next year at the latest. The SEC may currently be in contact with issuers about this product, which is obviously a positive signal."
Given that industry leaders such as Bitwise have already submitted applications one after another, Alexander Blume, CEO of Two Prime Digital Assets also agrees with this view. "If they didn't have a good feeling about success, they wouldn't waste time and money doing it," Blume said. The success and precedent set by spot Bitcoin and Ethereum ETFs combined with a more crypto-friendly management and regulatory environment will lead to the launch of SOL ETF within next year.