The prospects for Solana ETF under Trump are wide open, SOL price approaches ATH

The prospects for the approval of the Solana (SOL) ETF are significantly increasing under the Donald Trump administration, as several major asset management companies like Bitwise, 21Shares, Canary, and VanEck have simultaneously filed applications to establish a Solana ETF with the U.S. Securities and Exchange Commission (SEC). Although the SEC had previously expressed concerns about viewing SOL as a security, the prospects under new leadership could open the door for the approval of financial products like this ETF.

The price of SOL has reacted positively to these hopes, rising sharply in recent days and nearing the all-time high (ATH) of $259. The price increase has also been driven by lively on-chain trading activity and an optimistic sentiment within the crypto community. If the Solana ETF is approved, it could mark a significant turning point for institutional acceptance of cryptocurrency, while also reinforcing the position of the United States in the global cryptocurrency market.