New US President, SEC Could Pave Way for Approval of Spot Solana ETF, Bloomberg ETF Analyst Says
The launch of a spot Solana (SOL) exchange-traded fund (ETF) in the USA may rely on a shift in administration and modifications within the management.
On June 27, Matthew Sigel, VanEck’s head of digital belongings analysis, acknowledged that the ETF issuer filed for a spot Solana ETF with the SEC. The brand new fund, named the VanEck Solana Belief, goals to leverage Solana’s decentralized nature, excessive utility and financial viability.
Balchunas urged {that a} new U.S. President and a change in SEC management in 2025 may pave the best way for these merchandise. He speculated on social media that if somebody like Hester Peirce have been to guide the SEC, the regulatory surroundings may be extra favorable for spot Solana ETF candidates.
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