Could Solana Be the Next Altcoin to Score a U.S. ETF Approval?
Following Bitcoin's spot ETF success and Ethereum's ETF approval, could Solana be the next altcoin to gain U.S. approval?
Matthew Sigel from VanEck believes there’s a high chance that a Solana exchange-traded fund (ETF) will be approved in the U.S. by 2025. He attributes this to a likely shift in SEC policy under President Trump’s administration, which he expects to lead to more approvals for crypto products. Sigel anticipates a Solana ETF by the end of 2024.
Following Trump’s victory, over a dozen crypto ETF proposals, including those for Solana, XRP , and Litecoin , are awaiting approval. This includes filings for crypto index ETFs. Analysts view these filings as a bet on Trump’s pro-crypto stance, which is expected to replace Biden’s more stringent regulatory approach.
Trump has not announced a new SEC chair yet, but Summer Mersinger is rumored to be under consideration for the CFTC chair. Recently, the SEC began reviewing Grayscale’s proposal for an ETF that holds various cryptocurrencies, signaling potential shifts in regulation.
READ MORE:
This DeFi Altcoin is Set for Huge Breakout, Crypto Analyst SaysIndustry leaders, including Bitwise’s Matt Hougan, are optimistic that the regulatory environment will improve significantly under Trump, potentially leading to substantial market growth.
Source
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.
You may also like
FTX Exec’s Wife Accuses Prosecutors of Misleading Husband in Guilty Plea Deal
Meta Eyes Stablecoin Payments After Crypto Hiatus
Meta plans to integrate stablecoin payments into its apps, marking a return to crypto after three years.Why Meta Is Betting on Stablecoins

Best New Meme Coins to Invest in Now: Troller Cat Set to Jump 20% as Notcoin Holds Ground and Degen Surges
Troller Cat presale surges with ROI projections, while Notcoin and Degen trend in meme coin circles. Learn why these are the best new meme coins to invest in now..Unlocking Massive 69% APY Staking Rewards–Why Troller Cat Is One of the Best New Meme Coins to Invest in NowTelegram’s Favorite Token? Notcoin Climbs as Volume Jumps 13.5%$DEGEN Rally Accelerates With 76% Spike in Daily Trading Activity

DOODUSDT now launched for futures trading and trading bots
Trending news
MoreCrypto prices
More








