After the Spot Bitcoin and Ethereum ETF approvals, giant companies also applied for ETFs for XRP and Solana (SOL), and another giant name was added to this.
Accordingly, the world’s largest digital asset company, Grayscale, has applied for a spot Solana ETF.
While it was stated that Solana, XRP and other altcoin ETFs have a higher chance of being approved under the Trump administration, Bloomberg ETF analyst James Seyyfart made a new post about Solana ETFs.
James Seyffart, who believes the spot Solana ETF will be approved under Trump’s new SEC administration, said it’s “just a matter of when, not if” for the SOL ETF to launch.
With the appointment of a new SEC chairman, it is only a matter of when for spot Solana ETFs to launch, the Bloomberg analyst said.
Seyffart cautioned, however, that this does not mean approval for SOL ETFs is imminent.
The analyst believes the Solana ETFs will be approved, but he is not sure about the timeline, as Seyffart said he thinks the SOL ETFs could get approval in August 2025 or the process could extend into 2026.
Solana price is up 4.6% in the last 24 hours and is trading at $237.
A lot of uber bullish posting on a Solana ETF launch in my mentions. I do think it's a matter of when — not if — under Trump's future SEC admin. As evidenced by my note from last week on this topic (image below)
But by no means does that equate to "it's happening imminently" https://t.co/8mnTf0kGEG
— James Seyffart (@JSeyff) December 3, 2024
*Not investment advice.
