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The President of The ETF Store: There is a high possibility that the Solana ETF will be approved by the end of next year

The President of The ETF Store: There is a high possibility that the Solana ETF will be approved by the end of next year

Bitget2024/11/25 02:44
SOL+4.23%

The President of The ETF Store, Nate Geraci, stated: "I believe there is a high possibility that the Solana ETF will be approved by the end of next year at the latest. There are reports indicating that the U.S. Securities and Exchange Commission is currently in talks with the issuer of this product, which is clearly a positive sign." Alexander Blume, CEO of Two Prime Digital Assets also pointed out that if applicants didn't think Solana ETF could get approval they wouldn't waste time and money on it. The success and precedent set by spot Bitcoin and Ethereum ETFs, coupled with a more crypto-friendly management and regulatory environment, will lead to SOL ETF's debut next year.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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