VanEck: Solana ETF Approval More Likely Without Gensler

VanEck has indicated that the approval odds for a Solana ETF could improve if SEC Chair Gary Gensler is replaced. The firm believes that new leadership at the SEC could be more favorable towards crypto ETFs, especially given the current lack of Solana CME futures. VanEck’s head of digital asset research, Matthew Sigel, remains optimistic about Solana’s potential as a commodity-based ETF, highlighting its scalability and low costs.Read more on Decrypt