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Solana ETF Approval Expected in 2025, Insider Predicts
The year 2024 has been a remarkable one for the crypto industry, with numerous milestones achieved. One of the most significant developments is the surge in demand for crypto-related ETFs (Exchange-Traded Funds). In an astonishing turn of events, it appears that the top eight ETF launches of this year have all been crypto-related, with four spot Bitcoin ETFs, two spot Ethereum ETFs, and two ETFs focused on MicroStrategy stocks – currently the second-largest holder of Bitcoin.
This sudden shift in demand has left many wondering if regulators will finally give in to market demands. According to an insider close to the matter, the approval of Solana-based ETF is expected in 2025. This prediction comes as a surprise to many, considering the regulatory hurdles that have been holding back such developments.
The significance of this potential approval cannot be overstated. An ETF linked to Solana would not only allow for greater exposure and diversification but also pave the way for other cryptocurrencies and blockchain-based projects to follow suit.
While it’s unclear which specific Solana-based ETFs will gain approval, one thing is certain: the demand for these products is there. It’s now up to regulators to address this growing appetite and provide investors with more options to invest in this fast-growing asset class.
With nearly 740 new ETFs launched this year alone, it’s clear that the market is hungry for innovative investment vehicles.
Source: u.today
