Solana (SOL) became the focus of the crypto community on Friday when executives from VanEck and BlackRock offered opposing views on the possibility of launching a Solana ETF in the United States.

Since the launch of the Bitcoin spot ETFs in January and the Ethereum spot ETF in July, a slew of new ETF filings have been submitted to the U.S. Securities and Exchange Commission (SEC). One of them is the Solana ETF, which was first filed in June but has yet to receive approval from the agency.

Mathew Sigel, Head of Digital Assets at VanEck, said it is very possible that the SEC will approve a Solana ETF before the end of 2025.

“I believe there is a very good chance of a Solana ETF trading before the end of next year,” Sigel said, noting that a change in the SEC’s approach to crypto could “spur innovation.”

Sigel believes that under the new chairman, the SEC will likely approve more crypto products than in the past four years. He also revealed that VanEck’s product development team has begun preparing to take advantage of this trend. Notably, VanEck was the first asset manager to file for a Solana ETF in June.

Meanwhile, Robert Mitchnik, Head of Digital Assets at BlackRock, was more cautious, saying the company has little interest in crypto products other than Bitcoin and Ethereum.

This could be a sign that the trillion-dollar asset manager is in no rush to push for other crypto ETFs.

However, we should also remember that BlackRock fund has also “turned the wheel” very quickly, when a few years ago they were one of the most severe critics of Bitcoin, but now they are the most enthusiastic supporters.

The Impact of Gary Gensler and Expectations from the New Administration

Many members of the crypto community believe that the delay in approving new ETF filings stems from the hardline stance of SEC Chairman Gary Gensler, who has implemented a series of strict controls on the crypto industry.

However, Donald Trump's presidential election victory has raised expectations of major changes at the SEC.

Gensler is reportedly planning to resign after Thanksgiving and will officially leave the position in January, before Trump takes office, according to Fox News reporter Eleanor Terret.

“While the exact timing is unclear, sources in Washington say he will likely announce his intention to step down after Thanksgiving and officially leave in early January,” Terret wrote on the X platform.

The change in senior personnel at the SEC is expected to accelerate the approval process of other crypto ETFs under President Trump's term, creating opportunities for new financial products like the Solana ETF to get closer to the market.

Source: https://tapchibitcoin.io/expert-opinion-solana-etf-co-the-ra-mat-vao-nam-2025.html