Approval predicted for 2025: The approval of Solana ETFs in the U.S. is expected to occur in 2025. Asset managers like VanEck, Bitwise, and 21Shares have submitted applications to Cboe BZX, creating opportunities to invest in cryptocurrencies with traditional infrastructure. This indicates Solana could be the next big highlight.
Benefits of approval: The approval of Solana ETFs could open up new investment sources, enhancing participation from institutional investors. This will simplify market access, help increase liquidity, and create new funding sources within the crypto ecosystem.
Impact on SOL price: The value of Solana has risen sharply due to investor interest, as evidenced by its price surpassing previous records. The introduction of Solana ETFs could further boost this momentum, making Solana more legitimate and attracting greater market attention.