VanEck's head of digital asset research, Matthew Siegel, opined that the SEC could approve the Solana-ETF spot by the end of 2025.

Siegel also suggested that changes in SEC leadership will create opportunities for more innovation in the crypto industry and an increase in the number of exchange-traded funds based on digital assets.

"We expect the SEC to approve more crypto products than in the last four years,"

- he added.

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