🧂 Solana ETF on the horizon?

It's almost the only blockchain platform that has come close to Ethereum in terms of popularity, trading volume, app ecosystem, recognition, user base, and other metrics.

✔️ Recently, one company has applied to create a Solana ETF: VanEck.

They believe SOL is as much a digital commodity as BTC or ETH and plan to launch a spot ETF without futures, unlike previous BTC and ETH ETFs.

So far, we have:

📌 Bitcoin Spot ETF: approved and launched earlier this year
📌 Ethereum Spot ETF: approved and expected to launch in early fall (approximately)
📌Solana Spot ETF: application filed, awaiting SEC response

The launch of a Solana ETF is not expected anytime soon. An optimistic estimate is 2025, considering their regulatory challenges.