We have news here of Cathy Wood’s Ark Funds passing on an $ETH ETF, and then going straight to a SOL ETF… So now this SOL ETF is heating up with 3 applicants: Van Eck, ARK, and 21Shares. No Blackrock application so far… but if Trump wins, then SOL won’t need a Blackrock application, Solana can get its own ETF regardless of SEC. Because SOL was issued the same way as ETH, so if ETH is not a security then $SOL is not a security either. However, there is that possible investigation into the SOL founders (rumoured by SEC), and that could DELAY the launch of a SOL ETF. I said a few months ago that I don’t think they stop at an ETH ETF, next should be either a SOL ETF or a “Crypto ETF” where 7 or 8 coins are represented such as BTC ETH SOL DOGE $BCH ETC etc… The major challenge is that SOL does not have a CME Futures listing, so the ETF applicants cannot “prove” that SOL Futures price is very closely correlated to SOL Spot price, so there is no market manipulation and if a SOL Futures ETF can be approved, then a SOL Spot ETF should be approved… That was the logic that got the ETH and BTC ETFs approved. I think that is not much of an obstacle anymore. I think SOL ETF is likely to happen sooner or later, if Trump wins the odds are very high SOL gets an ETF. Even right now, I think Democrats will be under tons of pressure to be more pro-crypto.