Higher Approval Odds for Solana ETF Without Gensler as SEC Chair VanEck

VanEck’s Director of Digital Assets Research, Matthew Sigel, stated that the likelihood of VanEck applying to issue a spot Solana ETF largely hinges on the outcome of the 2024 presidential election and whether Gary Gensler continues as Chairman of the U.S. Securities and Exchange Commission. “Crypto voters are likely to play a significant role in this election. We have seen regulatory shifts at the level of elected officials, with multiple Democratic votes supporting cryptocurrency legislation.”