The ETF Store President: Solana ETF is expected to be approved by the end of next year at the latest
Odaily Planet Daily News: Nate Geraci, President of The ETF Store, 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 the issuer regarding the product, which is clearly a positive signal Given that industry leaders such as Bitwise have already submitted applications, Alexander Blume, CEO of Two Prime Digital Assets, also agrees with this view. If they don't have a good feeling of success, they won't waste time and money doing this, "Blume said. The success and precedent of spot Bitcoin and spot Ethereum ETFs, coupled with a more cryptocurrency friendly management and regulatory environment, will lead to the launch of SOL ETFs within next year. Blume said, "Both institutional investors and retail investors can obtain cryptocurrencies through regulated traditional financial channels such as banks and exchanges, and through ETFs, which opens up previously non-existent pools of funds. It's like replacing a swimming pool hose with a fire hose, which means that potential momentum and speculative trading may have a greater impact." (The Block)