Fox reporter: Multiple institutions are promoting the approval of Solana spot ETF

According to Fox reporter Eleanor Terrett, multiple agencies are pushing for the approval of a Solana spot ETF, and the US SEC has begun processing the related S-1 application, and may receive a 19b4 form from the exchange in the coming days, marking a critical step in the approval process. Currently, VanEck, 21Shares, and Canary Funds have submitted applications, and Bitwise also plans to follow suit. While submitting the 19b4 form does not guarantee approval, the SEC's recent active communication and the incoming new government's support for the crypto industry have raised market expectations that the Solana ETF may be approved in 2025. Affected by the news, SOL briefly broke through a new high, currently quoted at 250.74, up 5.12% in 24 hours.