Solana comment from ETF analyst: Forget it if he becomes president

While the application of 21Shares company for Solana spot ETF after VanEck made a stir in the crypto world, Eric Balchunas, a Bloomberg ETF analyst, said that the US presidential elections will also be critical for Solana ETFs.

Eric Balchunas, ETF analyst for Bloomberg, one of the important media organizations in the financial world, said that the US presidential elections are very important for Solana ETFs. Stating that he thinks the deadline for Solana ETFs will be March 2025, Balchunas said:

“The deadline for Solana ETFs seems to be March 2025. But until then, the most important period will be November. If Biden wins the election, forget about Solana ETFs. “If Trump wins, anything is possible.”

“My prediction for Ether is July 18”

Balchunas, who also shared his prediction about Ether spot ETFs that were not opened for transactions, pointed to next week:

The SEC requested S-1 filings from ETF issuers for July 8. However, he also stated that it is not necessary to specify a transaction fee here. They will give details about their final game plan from now on. The files will then be forwarded to the SEC, including transaction fees. Then the funds will be opened for transactions. There is no start day. Hopefully we'll hear something soon. "If you put a gun to my head again and ask for a day, I would point to July 18."

-Hakan Ateşler

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