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

PANews reported on November 24 that according to The Block, The ETF Store President Nate Geraci said: "I believe the possibility of a Solana ETF being approved by the end of next year is very high, and the SEC may be in contact with the issuer regarding this product, which is a positive signal." Given that Bitwise has already submitted an application, Two Prime Digital Assets CEO Alexander Blume also agrees with this view. "If they didn't think they would succeed, they wouldn't waste time and money doing this," Blume said, adding that the success and precedent of spot Bitcoin and spot Ethereum ETFs, combined with a more crypto-friendly management and regulatory environment, will lead to the emergence of a SOL ETF within next year. "Institutional and retail investors can now access cryptocurrencies through traditional financial channels regulated by banks and exchanges, through ETFs, which opens up a pool of funds that did not exist before." "It's like replacing the swimming pool water pipe with a fire hose, which means the potential momentum and speculative trading could have a greater impact."