According to Decrypt, Matthew Sigel, head of digital asset research at VanEck, said in an interview with Bloomberg that the possibility of launching a spot Solana ETF depends largely on the results of the 2024 presidential election and whether Gary Gensler continues to serve as chairman of the Securities and Exchange Commission (SEC). VanEck just submitted an application to launch a spot Solana ETF in the United States last week, and 21Shares followed suit. Sigel also mentioned that if Ethereum-related products are allowed to trade, this will confirm Ethereum's commodity status, and believes that the same logic applies to Solana.
