According to ChainCatcher, The ETF Store President Nate Geraci stated, 'I believe the likelihood of the Solana ETF being approved by the end of next year is quite high, and the SEC may currently be in discussions with issuers about this product, which is obviously a positive sign.'
Given that industry leaders like Bitwise have already submitted applications, Two Prime Digital Assets CEO Alexander Blume agrees with this view. 'If they didn't have a good feeling about success, they wouldn't waste time and money doing this,' Blume said, adding that the success and precedent set by spot Bitcoin and spot Ethereum ETFs, along with a more cryptocurrency-friendly regulatory environment, will lead to the SOL ETF debuting within the next year.
