The race to launch the first Solana-focused ETF is heating up! 🔥 Four major issuers have applied to the CBOE, which has propelled the price of the SOL token to a new record, nearly reaching $263.

Applications from Bitwise, Canary Capital, VanEck, and 21Shares have been submitted to the SEC. Optimism is growing amid pro-crypto sentiments following Trump's victory, but challenges remain, including lawsuits regarding SOL.

If the ETF is approved, it could strengthen Solana's position among top blockchains. 🚀