๐ Solana ETFs are on the horizon, folks! The final decision deadline is expected around mid-March 2025, according to Bloomberg ETF analyst Eric Balchunas. But keep your eyes peeled for November - it's a crucial date. ๐
The Chicago Board Options Exchange (CBOE) has filed applications to list VanEck and 21Shares' proposed ETFs. These funds are similar to the previously approved spot Bitcoin and Ether ETFs.
Once the SEC acknowledges the filings, the countdown begins! Under SEC rules, they have 240 days to approve or deny the application.
๐ณ๏ธ The November presidential election could be a game-changer. If Biden wins, these ETFs might be DOA. If Trump wins, anything's possible, says Balchunas.
Research by GSR Markets predicts a potential ninefold increase in Solana's price with ETF approvals. So, let's keep the optimism high and fingers crossed! ๐ค
What are your thoughts? Will Solana ETFs get the green light? Let's chat in the comments! #DeFi #CryptoNews