Analyst Predicts Solana ETF Decision Linked to US Election

Analyst Eric Balchunas forecasts that the decision on VanEck and 21Shares' spot Solana ETF will be made by mid-March 2025, heavily influenced by the outcome of the November 2024 U.S. presidential election. The Chicago Board Options Exchange (CBOE) has filed proposals for the Solana ETF, comparing it to previously approved Bitcoin and Ethereum ETFs. The approval process is expected to span 240 days, with significant implications for Solana's price and market behavior.