Analyst: The chances of Solana ETF being approved in the United States are slim, only hoping for Trump's victory.

2024-08-21 01:50:38

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Odaily Star Daily News Bloomberg Senior ETF Analyst Eric Balchunas wrote in a post that unless there is a change in the leadership of the US government, the likelihood of approval for a Solana ETF is slim. Balchunas also added: ‘The chances of approval in 2024 are almost zero. If Harris wins, the chances in 2025 may also be close to zero. My only hope is that Trump wins.’ Earlier, sources revealed that the U.S. SEC has rejected two Solana Spot ETF 19b-4 applications submitted by Cboe BZX. As a result, these applications have been withdrawn from the Cboe website. Some speculate that the SEC even rejected these applications before formal review, citing regulatory concerns about Solana being classified as a security. (Cointelegraph)

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