VanEck Head Of Digital Asset Say Solana ETF Will Be Approved by 2025
After the success of Bitcoin and Ethereum exchange-traded funds (ETFs), many cryptocurrency enthusiasts are wondering whether Solana could be the next big cryptocurrency to get its own ETF. Matthew Sigel, head of digital asset research at VanEck, said the likelihood of approval for the Solana ETF is “extremely high” as the political landscape changes in favor of cryptocurrencies.
Solana ETF to be approved in 2025
Matthew Sigel told the Financial Times show unwavering confidence in the possibility Solana ETF is on the verge of approval. “The likelihood of this happening by 2025 is “extremely high,” he said.
The prediction is a significant change from past years, where the Biden administration’s strict regulatory stance has hampered the growth of crypto products. Sigel believes recent political changes could pave the way for the Solana ETF to be approved by the end of 2025.
VanEck and 21Shares take the lead Solana ETF Filing Excitement is growing about Solana ETF possibilities in 2024
Blackstone disagrees! ! !
However, not everyone agrees. Robert Mitchnik, head of digital assets at BlackRock The company is not interested in anything In addition to Bitcoin and Ethereum, other cryptocurrencies such as Solana have shown a more cautious attitude.
But as confidence grows and politics change, the chances for the Solana ETF have never looked better!
Solana ETF gains hope during Trump’s presidency
The idea of a Solana ETF has gained more traction amid speculation that Donald Trump’s return to office could lead to a less regulatory environment for cryptocurrencies. If that happens, approval of the Solana ETF could become a reality sooner than expected.
Experts such as Bitwise Asset Management’s Matt Hougan say Trump’s election could change the cryptocurrency landscape. If these changes occur, digital assets like Solana, XRP, and Litecoin may have an easier path to prosperity.
Gensler may resign soon
However, there are more and more rumors SEC Chairman Gary Gensler may resign Soon, probably after Thanksgiving and before Trump takes office.
Many in the crypto world have criticized Gensler’s strict rules, saying they hinder the growth of crypto products such as ETFs. If he resigns, it could bring in new leadership and create a friendlier environment for cryptocurrency innovation.
