In the year Odds to favor the Solana ETF in 2025: VanEck
In the year The likelihood of Solana's (SOL) exchange-traded fund (ETF) listing in the United States before the end of 2025 is “extremely high,” Matthew Siegel, VanEck's head of digital asset research, said on Nov. 15.
Siegel expects the US Securities and Exchange Commission to approve more proposed cryptocurrency products after crypto-friendly Donald Trump wins the November 5 presidential election.
“We expect the SEC to approve more crypto products than in the last 4 years,” Siegel said in an interview with the Financial Times.
“I think the chances are very high that there will be a Solana ETF transaction by the end of next year.”
Source: Nate Gerasi
Trump's presidential win is the green light for more than half a dozen proposed crypto ETFs awaiting regulatory approval to list in the US.
In the year In 2024, asset managers filed multiple regulatory filings to list ETFs holding altcoins, including SOL, XRP (XRP) and Litecoin (LTC), among others.
A number of proposed crypto index ETFs designed to hold different baskets of stocks are awaiting approval.
In effect, these records were “call options” in the US presidential race, Bloomberg Intelligence ETF analyst Eric Balchunas said on Oct. 25.
Under President Joe Biden, the SEC has taken a tough regulatory stance on crypto, bringing more than 100 regulatory actions against industry companies.
“It's definitely going to put more libertarianism in place,” Trump said. [Securities and Exchange Commission] A chair,” said Balchunas.
The top ETF will launch in 2024. Source: ETF Store
Trump has not announced a proposed replacement for SEC Chairman Gary Gensler. On November 14, former CFTC Chairman Chris Giancarlo said he would not step into the role.
Trump is reportedly considering tapping Summer Mersinger to chair the Commodity Futures Trading Commission (CFTC).
The CFTC plays an important role in regulating cryptocurrency markets in the United States, second only to the SEC.
Mersinger is a Republican CFTC commissioner and has urged the regulator to take a more accommodating stance on crypto.
On November 4, the SEC began reviewing Greyscale's request to list the first ETF to hold a basket of various cryptocurrencies, including several altcoins.
In the year On November 8, US regulators began reviewing a request to list the first options tied to listing Ether (ETH) ETFs on the NYSE American Securities Exchange.
“[The] The election was a big win for crypto. Matt Hogan, chief investment officer of Bitwise Asset Management, told the Financial Times.
“For the past four years, crypto has been operating with one arm, maybe two, tied behind its back. It has faced a hostile SEC, major regulatory uncertainty. [and] Access to basic banking services is restricted.
“Imagine what happens when the headwind is reduced,” says Hugan.
Magazine: Godzilla vs. Kong: The SEC faces a tough battle with crypto legal firepower
