Krutika Adani
Solana is getting ready to become one of the three cryptocurrencies with their own ETF.
With Biden’s withdrawal from the U.S. Presidential nomination and Trump’s high chances of winning, the ETF approval path seems clearer than ever.
If the US elections favour Trump, we expect the ETF to be approved by early 2025.
Solana has one of the fastest growing ecosystems with high growth memecoins, high TVL and high on-chain activity. ETFs will help Solana gain wider adoption and build one of the most robust Web3 infrastructures.
Grayscale and VanEck have been the two applicants for a Solana Spot ETF.