Will SEC approve Solana ETF? What you should know

Following 21Shares and VanEck's disclosures, experts have provided their Solana ETF probabilities.

Top industry experts say Solana ETF approval requires a White House move.

Solana fell about 5% in 24 hours.

Solana (SOL) fell 5% on Friday as leading industry leaders discussed the SEC's likelihood of authorizing an ETF. VanEck and 21Shares filed S-1 registration statements for their spot SOL ETFs.

Crypto professionals discuss Solana ETF approval.
After VanEck and 21Shares filed for a Solana ETF, numerous crypto communities discussed it on Friday. The graphic below shows that Solana's social volume has risen due to its attention.


Top industry experts' projections concerning SOL ETF acceptance may be fueling social traffic.

After Bitcoin ETF sales surged in the previous six months, creating a Solana ETF may strengthen the token's market power.

Bloomberg analyst Eric Balchunas indicated that SOL ETFs may not be permitted this year unless the SEC and White House shift after the November election.

"The likelihood of a Solana ETF being allowed in 12 months are connected to the odds of a POTUS change, and both are greater today than yesterday. We're not offering a number yet. Far too early "said

The SOL ETF move could affect the elections, according to Van Buren Capital General Partner Scott Johnsson, who predicted a "60+% chance of a new admin and/or the current admin getting scared straight through this election that they loosen things considerably."

Balchunas stated that a lack of US Solana futures would likely prevent Solana ETF certification.

VanEck and 21Shares' action may be "reckless" since SOL's futures activity in overseas exchanges does not exceed SEC regulations, according to Cinneamhain Ventures partner Adam Cochran. Other experts say the acceptance of Bitcoin and Ethereum ETFs follows a trend that starts with a crypto futures ETF and ends with a spot ETF.

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