Brazil poised to launch worlds first spot Solana ETF ahead of global markets
According to IBMs former blockchain growth lead, a potential Solana ETF approval in the US could act as a significant price catalyst for SOL.
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According to IBMs former blockchain growth lead, a potential Solana ETF approval in the US could act as a significant price catalyst for SOL.
The US financial regulator has reportedly notified at least two of five issuers seeking approval for a spot SOL exchange-traded fund.
The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.
The United States has only approved ETFs for Bitcoin and Ether, versus some 30 digital asset types in Europe, according to the Financial Times.
Solana may outperform Bitcoin and Ether in 2025, thanks to a potential US-based spot SOL ETF and retail profit expectations.
With lawsuits still pending over Solanas classification as a security, SOL ETFs will likely have to wait until next year for their debut.
Solana ETF applications are nearing the deadline for a preliminary decision before the end of January, days after President-elect Donald Trumps inauguration on Jan. 20.
Solana is becoming the preferred cryptocurrency for retail investors, bolstering analyst expectations for another year of significant gains as the industry awaits the first US spot SOL ETF.
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