The next candidate for an ETF is Solana.
This blockchain platform has nearly caught up to Ethereum in terms of popularity, trading volume, application ecosystem, recognition, and user numbers.
Therefore, the creation of an ETF for Solana is only a matter of time. Today, VanEck has filed an application to create a Solana ETF.
They believe that SOL is a digital commodity on par with BTC and ETH and plan to launch a spot ETF without a preceding futures ETF, as was done with BTC and ETH.
As of now, we have:
- Spot Bitcoin ETF: approved and launched earlier this year
- Spot Ethereum ETF: approved and expected to launch in early fall
- Spot Solana ETF: application submitted, awaiting response from the SEC
The launch of a Solana ETF is unlikely to happen soon. An optimistic forecast is 2025, considering the current regulatory issues.
