The United States has only approved spot ETFs for Bitcoin and Ethereum, but in Europe, Switzerland and Germany already have Solana spot ETFs:
Recently, executives of VanEck, a top global asset management company, claimed that the probability of Solana spot ETF being listed in the United States in 2025 is very high.
In fact, these asset management companies can no longer hold back. In addition to Solana, they have also submitted applications for XRP/Litecoin.
But at the moment, it seems that Solana is the most likely to pass.
Previously, the biggest resistance to the Solana spot ETF came from the SEC, because the SEC once determined that Solana was a stock.
But now with SEC Chairman Gensler likely to leave at any time, things could take a big turn.
Bitcoin Magazine: Fox News reports that Gary Gensler’s resignation from the SEC is “increasingly likely”
It is rumored that current SEC Chairman Gensler may resign after Thanksgiving.
Looking back at history, previous chairmen all resigned in the month after the presidential election:
One week after Trump was elected on November 8, 2016, then-SEC Chairman Mary Jo White resigned on November 14, 2016.
Two weeks after Biden was elected on November 3, 2020, then-SEC Chairman Jay Clayton resigned.
The results of this year's election will be announced on November 5th. A week and a half has passed, and it is almost time for Gensler to resign.
Over the next four years, the SEC is likely to approve a wider range of cryptocurrency ETFs, most likely in line with European standards:
For example, in Germany, the tokens listed on the ETF include Cardano/Polkado/Core/Avalanche, etc.
Germany is not an exception in Europe. ETFs of these mainstream currencies are also common in the British and French financial markets:
Is it not too much to expect that the United States will make up the gap with major European countries within the next four-year term?
