🚀 Cryptocurrency news: applications for the Solana ETF (SOL) are starting to arrive at the SEC. Following the successful ETF approval for Bitcoin and the upcoming approval for Ethereum, SOL is the next cryptocurrency being considered for institutional capital.

📊 However, experts, including Wintermute CEO Evgeniy Gaevoy, argue that the introduction of SOL ETFs to the market will be almost impossible until next year.

💡 However, Solana ETF applicants insist on SOL's status as a commodity, not a security. VanEck's head of digital asset research, Matthew Siegel, said SOL functions similarly to other digital commodities such as Bitcoin and Ether.

👇 Discuss in the comments: Do you think SOL will succeed in becoming the next crypto ETF?