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The ETF Store President: Solana ETF is likely to be approved by the end of next year

The ETF Store President: Solana ETF is likely to be approved by the end of next year

CointimeCointime2024/11/25 02:33
By:Cointime

Nate Geraci, President of The ETF Store, said, "I believe it is highly likely that the Solana ETF will be approved by the end of next year. There are reports that the U.S. Securities and Exchange Commission is currently in contact with the issuer of the product, which is obviously a positive signal." Alexander Blume, CEO of Two Prime Digital Assets, also pointed out that if the applicant did not believe that the Solana ETF could be approved, they would not waste time and money on it. The success and precedent of spot Bitcoin and spot Ethereum ETFs, combined with a more friendly management and regulatory environment for cryptocurrencies, will lead to the launch of SOL ETF next year.

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