Solana ETF Applications Look Like Bets on Trump Retaking White House, Making U.S. Friendlier to Crypto

“Affirmed that CME-traded solana futures don’t currently exist, it seems the only viable path for spot solana ETF give the green light would be the implementation of a legitimate crypto regulatory framework that clearly defines which crypto assets are safeties versus commodities – or for the SEC to agree with solana being designated as a non-security commodity,” said Nate Geraci, president of the ETF Cache, an investment advisory firm.