According to Fox reporter Eleanor Terrett, several institutions are promoting the approval of Solana spot ETF. The US SEC has begun processing related S-1 applications and may receive Form 19b4 submitted by exchanges in the next few days, which marks a key progress in the approval process. Currently, VanEck, 21Shares and Canary Funds have submitted applications, and Bitwise also plans to follow up. Although submitting Form 19b4 does not guarantee approval, the recent active communication from the SEC and the upcoming inauguration of a new government that supports the crypto industry have increased market expectations that Solana ETF may be approved in 2025. Affected by the news, SOL broke through a new high in a short period of time and is now quoted at 250.74, up 5.12% in 24 hours.

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