Odaily News Hasseb Qureshi, partner at Dragonfly Capital, said that it is unlikely that SOL ETF will be approved. He believes that VanEck's application for SOL ETF may just be "buying credibility" to lay the foundation for the development of similar products, because the US Securities and Exchange Commission has made it clear that SOL is a security and the regulator will not give up this decision. (theblock)