en.bitcoinsistemi.com
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.
https://twitter.com/JSeyff/status/1864077892814033342
*Not investment advice.