Although the US regulator has not yet taken action on the spot Solana ETF, a Trump-appointed, crypto-friendly SEC chief replacing Gensler may approve the instrument.

Notably, the SEC approved the listing and trading of spot Bitcoin ETFs on US exchanges last January, followed by the approval of Ether ETFs. While such ETFs are already traded on the stock exchanges of several other countries, the US listing, due to the size of the market, provided a significant boost.

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