Van Eck SOL Spot ETF approval deadline is March next year.
“If Trump is elected, a new SEC chairman will be appointed… The game will change.”
“The likelihood of the Biden administration approving SOL spot ETF is ‘0’”
);)
In an interview with Crypto Slate, a media outlet specializing in digital assets, on the 1st, General Manager Siegel claimed that the Solana spot ETF would be launched in the market when former President Trump is re-elected as President of the United States. He said, “If Trump is elected, there is a high possibility that a new chairman of the U.S. Securities and Exchange Commission (SEC) will emerge.”
Last week, Van Eck became a hot topic by submitting the Solana spot ETF securities report 'S-1s' to the SEC for the first time in the United States. The deadline for announcing the approval of the Solana spot ETF application submitted by VanEck is March 2025, after the US presidential election scheduled for November.
General Manager Siegel explained, “If the Biden administration returns to power, the probability of Solana spot ETF approval should be considered ‘0’,” adding, “Van Eck’s application is a measure taken with Trump’s re-election in mind.”
The Solana spot ETF is currently the biggest topic of interest both inside and outside the market, with 21 Shares submitting its second application on the 1st following Van Eck last week. This is because Solana has a fandom and if launched, it will be the third digital asset to be launched as a spot ETF following Ethereum (ETH), meaning the opening of a full-fledged digital asset financial product era.
Reporter Seungwon Kwon ksw@
