According to Bloomberg Intelligence analyst James Seyffart, Solana exchange-traded funds (ETFs) may not launch in the U.S. until 2026 due to ongoing lawsuits related to Solana's classification as a security. Seyffart mentioned that while there could be progress after the inauguration of President-elect Donald Trump, the timeline remains uncertain as the SEC has been historically cautious. Despite some ETFs for Bitcoin and Ether receiving approval, several Solana ETF applications are still pending and have faced lack of acknowledgment from the SEC. Asset managers submitted numerous applications for various crypto index ETFs, which include a range of altcoins, but haven't seen progress. Though there are differing opinions in the industry, some experts feel that approval for Solana ETFs could eventually happen sooner than the projected timeline, highlighting the unclear regulatory landscape and the impact of upcoming political changes.

Source 🔗