It's almost the only blockchain platform that has come close to Ethereum in terms of popularity, trading volume, app ecosystem, recognition, user base, and other metrics.

✔️ Recently, one company has applied to create a Solana ETF: VanEck.

They believe SOL is as much a digital commodity as BTC or ETH and plan to launch a spot ETF without futures, unlike previous BTC and ETH ETFs.

So far, we have:

📌 Bitcoin Spot ETF: approved and launched earlier this year
📌 Ethereum Spot ETF: approved and expected to launch in early fall (approximately)
📌Solana Spot ETF: application filed, awaiting SEC response

The launch of a Solana ETF is not expected anytime soon. An optimistic estimate is 2025, considering their regulatory challenges.