Points
- SolanaETFapprovalfacesregulatoryhurdlesunderthecurrentSEC.
- AshiftinSECleadershippost-2024electionmightchangethestanceoncryptoETFs.
- Pro-cryptopoliciesfromeithermajorpartycouldinfluenceETFapprovals.
- Theoutcomeofthe2024electioniscrucialforSolanaETF’sfuture.
In a recent interview withBloomberg,MatthewSigel,VanEck’sHead of Digital AssetsResearch,discussed the hurdles facing the Solana ETFapproval.
RegulatoryHurdlesforSolana
Sigel expressed disagreement with theSEC’srequirement for a futures market for pricediscovery,arguing that ETFs for shipping and uraniumdon’tdepend on futures markets for pricediscovery.He speculated that this requirement might be a deliberate tactic to postpone the approval of cryptoETFs.
“[Gensler]has created that condition since takingpower.There are a number of ETFs that trade where the futures market is irrelevant to the priceformation,”Sigelsaid.
PotentialChangesPost-2024Election
Sigel suggests that a shift in theSEC’sstance may hinge on new leadershippost-2024election.He highlights the sentiment ofpro-cryptovoters on electionoutcomes,prompting both major parties to takenotice.
DonaldTrump’sPotentialInfluence
Additionally,there is speculation that a shift in theSEC’sapproach to crypto couldoccur,even if President Biden isre-elected,as some Democrats have voiced support forpro-cryptopolicies.
VanEck’sSolana spot ETF proposal is contingent on the outcome of the2024election,with the application deadline set for March2025.The Solana ETF proposal has already spurred significantinterest,withSolana’sprice surging in volume following thefiling.
解説
- TheSEC’scurrentregulatoryrequirementscreatesignificantbarriersforcryptoETFslikeSolana.
- Changesinpoliticalleadershippost-2024electioncouldresultinamorefavorableenvironmentforcryptoETFs.
- Pro-cryptopoliciesfromeithermajorpartycouldinfluencetheSEC’sfuturedecisionsonETFapprovals.
- InvestorsshouldmonitorpoliticaldevelopmentscloselyastheycouldimpacttheapprovalandsuccessoftheSolanaETF.