Solana exchange-traded funds (ETFs) might not hit the market in the U.S. until 2026, even with a crypto-friendly administration, according to Bloomberg Intelligence analyst James Seyffart. He highlighted that while there could be progress with pending ETF filings after Donald Trump takes office, the SEC's history suggests delays. Under President Biden, the SEC has been stringent regarding crypto regulations, leading to a backlog of Solana ETF applications. In 2024, many regulatory filings for various altcoin ETFs, including those for Solana, were made but have gone unacknowledged by the SEC. Seyffart noted that many applications were effectively denied. Meanwhile, additional ETF proposals for diverse crypto baskets are in waiting. Despite these pessimistic projections, some in the industry, like Matthew Sigel from VanEck, maintain that the chances for Solana ETF approval are high.

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