Bloomberg ETF analyst Eric Balchunas maintains the outcome will likely be decided based on whether Trump is elected President in November.
Spot Solana exchange-traded funds (ETFs) should see a final decision deadline around the middle of March next year after the Chicago Board Options Exchange (CBOE) filed applications on Monday to list VanEck and 21Shares' proposed ETFs.
CBOE filed two Form 19b-4 applications on July 8, one for the 21Shares Core Solana ETF and another for the VanEck Solana Trust.
The CBOE likened the prospective Solana funds to spot Bitcoin and spot Ether ETFs, which the SEC approved in January and May, respectively. It said that Solana’s decentralization, throughput and speed made it resistant to manipulation that could harm investors.
