According to BlockBeats news on November 24, Nate Geraci, president of The ETF Store, stated: "I believe the likelihood of a Solana ETF being approved by the end of next year is very high, and the SEC is likely currently in contact with issuers regarding this product, which is clearly a positive sign."
Given that industry leaders like Bitwise have already submitted applications in succession, Two Prime Digital Assets CEO Alexander Blume also agrees with this viewpoint.
"If they don't have a good feeling about success, they won't waste time and money on it," Blume said, adding that the success and precedent set by spot Bitcoin and spot Ethereum ETFs, combined with a more crypto-friendly management and regulatory environment, will lead to the emergence of a SOL ETF within the next year.
Blume said: "Both institutional and retail investors can access cryptocurrency through ETFs via traditional financial channels that are regulated by banks and exchanges, which opens up pools of capital that did not previously exist. It's like swapping out a swimming pool hose for a fire hose, meaning that potential momentum and speculative trading could have a greater impact." (The Block)
