Solana ETF Approval Likely by Next Year, Says Nate Geraci

• Nate Geraci believes the Solana ETF could gain SEC approval by the end of next year, signaling regulatory progress.
• Bitwise is preparing an Solana ETF to reflect Solana’s performance, showcasing its growing institutional appeal.

The president of The ETF Store, Nate Geraci, has shown hope about the acceptance of a Solana exchange-traded fund (ETF) by the end of next year. His remarks imply that the U.S. Securities and Exchange Commission (SEC) would already be in talks with the issuer, therefore indicating a positive future for the digital asset market.

This possible clearance further validates Solana’s place in the crypto ecosystem since it fits the increasing curiosity in blockchain technology and the integration of Solana in institutional-grade financial products.

Regulatory Landscape and Election Impact on Solana ETF Approval 

Adding weight to Geraci’s assessment, Matthew Sigel, Head of Digital Assets Research at VanEck, also expressed hope that by the end of 2025 a Solana ETF would be introduced. Such a development would signify a major turning point since ETFs have always been essential in linking conventional financial markets with newly developed digital assets.

Still, the course of any possible clearance is much influenced by the regulatory environment. The regulatory environment surrounding crypto might change with the approaching U.S. presidential election, either speeding or slowing down the process.

Geraci underlined that the result of the election can greatly affect the SEC’s position on blockchain assets, including Solana and other crypto ETFs.

As it stands, Solana’s success in the crypto market keeps drawing notice. Valued at $252.93 as of writing, the coin shows stability in erratic market conditions despite minor daily fluctuations.

Previously, CNF reported Bitwise, a San Francisco-based financial services company, is also getting ready for a Solana ETF after XRP ETF application to the SEC. With its fourth-largest market capitalization, the Bitwise Solana ETF seeks to precisely monitor Solana’s market performance, therefore underlining its relevance.