Crypto asset manager Bitwise has submitted a filing for a Solana ETF as optimism surrounds SEC approvals, especially with a potential Donald Trump presidency. The spot ETF aims to provide investors exposure to SOL, which is currently trading at over $255, nearing its all-time high set in 2021. Bitwise's initial filing with the state of Delaware marks just the beginning of what's expected to be a lengthy approval process with the SEC. ETFs have become increasingly popular as they allow institutional investors to buy shares tracking cryptocurrency prices, similar to the successful Bitcoin ETFs approved earlier this year. Interest in Solana, particularly in light of apparent changes in SEC leadership under a new administration, has led to a 30% surge in SOL's price in recent weeks, indicating market optimism towards the cryptocurrency's future.

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