According to The Block, Dragonfly Capital partner Hasseb Qureshi believes that the approval of VanEck’s Solana ETF application is unlikely to materialize. He thinks that VanEck’s submission of the SOL ETF application may just be “buying goodwill” to lay the foundation for the development of similar products, as the U.S. Securities and Exchange Commission (SEC) has clearly stated that SOL is a security and this administration is unlikely to give up on that idea.
ETF expert James Seyffart of Bloomberg Industry Research agrees with this view, stating earlier on X that the fund “will only be launched at some point in 2025 if there is a change in the administration at the White House and the SEC. Even then, it is not guaranteed.”
SEC Solana Solana ETF VanEck securities
Source link: https://www.theblock.co/post/302372/crypto-pundits-doubt-solana-etf-approval-u…