U.S. Spot Solana ETFs: A real possibility or a regulatory hurdle?

Lack of regulatory clarity on SOL could be a challenge, but some analysts are confident of approval if Trump wins.ETFs could become a reality after recent filings by digital asset managers VanEck and 21Shares.

‘There are a number of ETFs that trade where the futures market is irrelevant to the price formation like Uranium ETFs, power ETFs…With the slight change in the regulatory environment in Washington, we think this we’ll get approved.’However, Bloomberg senior ETF analyst Eric Balchunas viewed VanEck’s SOL ETF filing as a “It meant that it could be greenlighted with a new administration, especially with Donald Trump regaining the top seat.

“You need a futures market for Solana to become an ETF. You have those for ETH; you don’t have those for Solana.”indicating about 13% approval odds by 2024.

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