Originally published on: November 15, 2024
VanEck’s head of digital asset research, Matthew Sigel, is confident that a Solana exchange-traded fund (ETF) will be listed in the US before the end of 2025. Sigel cites the recent presidential win of crypto-friendly Donald Trump as a catalyst for more cryptocurrency products gaining approval from the US Securities and Exchange Commission.
After a surge in regulatory filings for ETFs holding altcoins like SOL, XRP, and Litecoin in 2024, the stage is set for a potential boom in crypto ETF offerings in the coming years. Analysts believe that with Trump in office, the SEC may approve a wider range of crypto products, leading to significant growth in the market.
The US regulators are already reviewing proposals for diverse crypto index ETFs and options tied to spot Ether, signaling a shift towards more crypto-friendly regulations. With rumors of a new SEC chair appointment on the horizon, the crypto industry is eagerly anticipating a positive change in regulatory stance.
The election was hailed as a significant victory for the crypto market by industry experts, predicting that a more relaxed regulatory environment could unlock the full potential of digital assets. As the landscape evolves and regulations adapt, the crypto industry is poised for rapid expansion and innovation. Subscribe to stay updated on the latest crypto laws and guidelines shaping the future of digital finance.
