Analyst: The chances of Solana ETF approval in the U.S. are “extremely slim”
VanEck’s head of digital assets still believes there’s a slim chance that the Solana ETF will be approved this year.

VanEck’s head of digital assets still believes there’s a slim chance that the Solana ETF will be approved this year.
Ethereum is about to face two important catalysts: the announcement of the staking standard and the next hard fork.
ETH started to fall right after launch, why did this happen?
The US presidential election could sway Solana ETF approval: Biden's win may hinder it, while Trump's could boost chances. Market sentiment leans pessimistic with only a 10% approval likelihood by year-end 2024.
The race for a Solana ETF heats up with BlackRock reportedly considering joining VanEck and 21Shares in filing, signaling increased institutional interest. The SEC's decision, influenced by the upcoming U.S. election, could determine the ETF's fate by mid-March 2025.
VanEck outlines a unique risk in its Solana ETF filing.
3iQ launched a Solana exchange-traded product (ETP) called QSOL on the Toronto Stock Exchange (TSE), the first Solana ETP in North America. It provides transparency into SOL daily price trends and staking yields (estimated at 6-8%), with Coinbase Custody and Tetra Trust as custodians. Canada’s favorable regulatory environment for crypto ETFs stands in stark contrast to the United States, where approval of Solana and XRP ETFs remains uncertain due to ongoing legal challenges.
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.
Coinbase supports Grayscale's Ether ETP, citing Ethereum's commodity status and market robustness, urging SEC approval for regulatory consistency.
Pando Asset AG's recent filing for a spot Bitcoin ETF signals a strategic move in the competitive crypto landscape. The timing aligns with heightened anticipation of SEC approval, as Bitcoin experiences a notable rally. Pando's entry, alongside major players, underscores the evolving dynamics of the crypto market, presenting opportunities amid regulatory and economic uncertainties.