Bloomberg Analyst: No Spot Solana ETF Approval This Year
CryptoNewsTerminal Staff20 Aug, 2024
Bloomberg Analyst: No Spot Solana ETF Approval This Year
Bloomberg senior ETF analyst Eric Balchunas believes the probability of a physical Solana (SOL) ETF being approved this year is zero. Even if US Vice President Kamala Harris is elected, it's unlikely an SOL physical ETF will be approved before 2025. The only hope, according to Balchunas, is if former US President Donald Trump wins the election. The US Securities and Exchange Commission (SEC) recently rejected the Chicago Options Exchange (CBOE)'s SOL spot ETF 19b-4s application.