💥💥New Application for Solana ETF: Analyst Announces 2 Critical Dates for Approval 💥💥
Following giant companies' applications for Solana, analysts made predictions on a possible approval date.
VanEck and 21Shares filed an application for the Solana ETF with the Chicago Board Options Exchange (Cboe) on July 8, and the SEC confirmed receipt of the application.
While Solana investors were excited after these applications, analysts shared their opinions on how the process could progress.
Bloomberg ETF analyst Eric Balchunas set the deadline for Solana ETF applications to mid-2025. He pointed out November 2024 as the most critical date:
"The deadline for Solana ETFs is likely to be mid-2025. However, the most critical period between now and then will be November 2024. If Biden wins, the future of these applications may be uncertain. But if Trump wins, anything is possible."
Rob Marrocco, Cboe Global Markets' global head of ETP listings, emphasized that Solana is the most popular cryptocurrency project after Bitcoin and Ethereum:
“We have successfully listed the first spot Bitcoin ETFs in the US and received SEC approval for spot Ethereum ETFs. We are now focusing on growing investor interest in Solana, the third most actively traded cryptocurrency after Bitcoin and Ethereum ."
