According to forecasts from vanEck experts, the likelihood of a Solana ETF being approved in the US by the end of 2025 is extremely high. However, the key factor in this matter may lie with the newly elected US President Donald Trump.
VanEck's Expert Opinion
On the backdrop of Donald Trump’s election win, VanEck’s head of digital asset research, Matthew Sigel, stated that the chance of Solana ETF approval has significantly increased. Sigel believes that the US Securities and Exchange Commission (SEC) may approve more cryptocurrency product proposals than in the past four years.
Impact of Trump's Victory on the Market
Trump’s victory has signaled a move towards a more crypto-friendly policy in the US. Under the previous president Joe Biden, the SEC took an aggressive regulatory stance. Nonetheless, the new administration promises a libertarian approach, leading to numerous ETF filings for altcoins like Solana, XRP, and Litecoin.
Future Regulatory Changes
While the new SEC chair has not been officially appointed, the change in administration could lead to regulatory shifts in the crypto space. US regulators have started reviewing requests to list ETFs that include diverse baskets of cryptocurrencies, and changes in leadership may expedite progress in this field.
The predictions about the possibility of Solana ETF approval by 2025 highlight the significance of political shifts for the cryptocurrency industry. The impact of the new presidency on the market will be considerable, and the expert community expects a more favorable regulatory environment for crypto products.
