The ETF Store President: Solana ETF is expected to be approved by the end of next year at the latest

Odaily News Nate Geraci, president of The ETF Store, said: "I believe there is a high probability that the Solana ETF will be approved by the end of next year at the latest. The SEC may be currently in contact with the issuer about the product, which is obviously a positive sign." Given that industry leaders such as Bitwise have already submitted applications one after another, Alexander Blume, CEO of Two Prime Digital Assets, also agreed with this view. "If they don't have a good feeling of success, they won't waste time and money doing it," Blume said that the success and precedent of spot Bitcoin and spot Ethereum ETFs, coupled with a more friendly management and regulatory environment for cryptocurrencies, will lead to the launch of the SOL ETF within the next year. Blume said: "Both institutional and retail investors can obtain cryptocurrencies through ETFs through traditional financial channels regulated by banks and exchanges, which opens up a pool of funds that did not exist before. It's like replacing a swimming pool hose with a fire hose, which means that potential momentum and speculative trading may have a greater impact." (The Block)