VanEck Digital Asset Research Director: Solana Spot ETF is more likely to be approved than ever
On June 28, according to The Block, VanEck Digital Asset Research Director Matt Sigel said, "We believe that the regulatory environment is changing, and there is a high probability that Gary Gensler, Chairman of the US SEC, will be fired."
When asked if Gensler had done anything right in terms of cryptocurrency regulation, Sigel firmly answered "no".
One of the reasons commentators are skeptical that the Solana ETF may be approved soon is that the cryptocurrency has not yet been listed in the futures ETF. For example, Cube.Exchange CEO Bartosz Lipinski said: "It would be surprising if the SEC allowed such a fund to be listed without futures, because this seems to be the only way for Bitcoin and Ethereum spot ETFs."
However, Sigel believes that this is not a necessary condition.
"The requirement of the futures market is a psychological tactic of Gensler," said the chief researcher.