Institutional clients, US election? Who is behind the Solana spot ETF?
Is the release of the Solana spot ETF submission news just hype?

Is the release of the Solana spot ETF submission news just hype?
Cryptocurrency market maker GSR Markets said a U.S. spot Solana exchange-traded fund could boost SOL’s price ninefold.
The filing is the first Solana ETF to be filed in the U.S. Six days later, a similar product was filed in Canada.
VanEck just filed for the first Solana ETF in the US.
Rob Marrocco believes that crypto ETFs beyond Bitcoin and Ethereum are unlikely to emerge without a futures market being established first or regulatory changes.
Solana could become the leading blockchain for payments institutions. Will the next ETF to launch be based on Solana?
In addition, some commentators are optimistic about the Solana ETF’s chances of approval.
If an ETH ETF gets the green light, changes in the regulatory and political landscape could increase the chances of approval for the Solana ETF.
In the near future, the Solana Spot ETF, poised to be the inaugural offering of its kind in North America by SOLWealth, is poised to capture significant attention in the cryptocurrency sphere.
Franklin Templeton expresses admiration for Solana, fueling speculation about a Solana ETF. The firm also showcases positive sentiment towards Ethereum's future developments in the evolving cryptocurrency investment landscape.