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

Foresight News reported that, according to The Block, Nate Geraci, president of The ETF Store, said: "I believe the possibility of a Solana ETF being approved by the end of next year is very high, and the SEC is likely currently in contact with the issuer regarding this product, which is clearly a positive signal." Given that industry leaders such as Bitwise have already submitted applications, Alexander Blume, CEO of Two Prime Digital Assets, agrees with this view. Blume said: "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."