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“The regulatory environment is changing, and the likelihood of Solana (SOL) ETF approval is higher than ever,” said Matthew Sigel, head of digital asset research at VanEck.
According to The Block on the 28th (local time), Siegel said, "Now is the right time to try (the Solana ETF). We believe that there is a high possibility that the Solana ETF will be approved, no matter who wins in November." Some industry insiders said, I expressed skepticism about the approval of the Solana spot ETF due to the fact that the Solana futures ETF is not listed, and as with Bitcoin (BTC) and Ethereum (ETH), I do not think this is a necessary route. He pointed out, “The demand for the futures market is nothing more than a psychological operation by U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler.”
He also emphasized, “I think there is a high possibility that Gary Gensler will be fired, no matter who becomes the next President of the United States this November.”
When asked whether he thought Gary Gensler had taken the right steps in regulating cryptocurrencies, Matthew Siegel answered "no."
Meanwhile, according to CoinDesk, James Seipart, a Bloomberg ETF analyst, said in an interview, "Van Eck's (Solana spot ETF application) filing is a kind of call option for the US presidential election in November. Under the current SEC administration, there is no regulated futures market. “The Solana ETF without this is likely to be rejected. However, if a new administration in the White House and a new SEC administration that is more friendly to cryptocurrency policy are installed, the situation may change,” he predicted.
