PANews reported on June 27 that Bloomberg analyst James Seyffart said on the X platform: "The first SOL ETF application in the United States. It will be interesting to see if other issuers will follow suit immediately. The initial idea is that if there is a new management of the White House and the Securities and Exchange Commission (SEC), this will not have a chance to be launched until sometime in 2025. Even so, there is no guarantee."

Earlier today, it was reported that asset management firm VanEck had submitted the Solana Trust application to the US SEC. This is the first Solana ETF application in the United States.