Golden Finance reported that Hasseb Qureshi, partner of Dragonfly Capital, said that it is unlikely that the SOL ETF will be approved. He believes that VanEck's application for the SOL ETF may just be "buying goodwill" to lay the foundation for the development of similar products, because the U.S. Securities and Exchange Commission has made it clear that SOL is a security and the regulator will not give up this decision.