According to TechFlow, on November 22, Bitwise CEO Hunter Horsley said that Solana is an "incredible emerging asset" and is expected to become the "next major opportunity" for Bitcoin ETF investors. The company has registered the SOL ETF legal trust in Delaware, becoming the fourth institution to apply for a spot SOL ETF after VanEck, 21Shares and Canary Capital.
Horsley pointed out that the US presidential election is an important consideration for companies to apply for SOL ETFs at this time. The SEC has begun to actively communicate with applicants for spot SOL ETFs, which is in contrast to its attitude in rejecting Cboe Exchange's application in August.
