US Solana ETFs have ‘snowball’s chance in hell’ of approval, says analyst
Solana ETF approvals are extremely unlikely this year, though VanEck’s head of digital assets, continues to believe in them.
United States Solana exchange-traded funds (ETFs) have a “near-zero” chance of getting greenlit under the current administration after the regulator reportedly rejected a filing necessary for their approval.
“A snowball’s chance in hell of approval unless there’s a change in leadership,” said Bloomberg ETF analyst Eric Balchunas in an X post on Aug. 20.
Only days earlier on Aug. 16, reports emerged that Cboe had removed the 19b-4 filings for two prospective Solana ETFs from its website’s “Pending Rule Changes” page.
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Author: Felix Ng
