Industry insiders: SOL ETF may be launched next year, ETF opens up a pool of funds that did not exist before

When talking about the recent attempts by institutions to apply for Solana ETF, Alexander Blume, CEO of Two Prime Digital Assets, said: "If the applicant does not think that Solana ETF can be approved, it will not waste time and money to do it. The success and precedent of spot Bitcoin and spot Ethereum ETFs, coupled with a more friendly management and regulatory environment for cryptocurrencies, will lead to the SOL ETF coming out next year. ETFs allow institutional and retail investors to access cryptocurrencies through regulated traditional financial channels such as banks and exchanges, and obtain cryptocurrencies through ETFs, which opens up pools of capital that have not previously existed. It's like replacing a swimming pool hose with a fire hose, which means that potential momentum and speculative trading may have a greater impact." (TheBlock)