Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Solana’s ETF’s Fate Hangs on Trump and Biden
ALTCOIN NEWS

Solana’s ETF’s Fate Hangs on Trump and Biden

By Crypto FlexsJuly 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana’s ETF’s Fate Hangs on Trump and Biden
Share
Facebook Twitter LinkedIn Pinterest Email
  • The Chicago Board Options Exchange filed an application for the Solana ETF on June 10, 2024.
  • Renowned Bloomberg ETF expert offers mixed views on Solana ETF approval
  • Analyst argues that Joe Biden’s re-election would be “dead on arrival” for the SOL ETF.

Famed Bloomberg Financial analyst Eric Balchunas has shaken up the cryptocurrency market by saying the upcoming U.S. presidential election could determine the outcome of Solana’s exchange-traded fund (ETF) application.

Solana ETF will likely have a final closing date in mid-March 2025. But the most important date between now and then is November. If Biden wins, it will most likely be DOA. If Trump wins, anything is possible. https://t.co/ywkf6oA8Rc

— Eric Balchunas (@EricBalchunas) July 8, 2024

According to Balchunas, a Biden victory would likely spell doom for Solana’s ETF product. On the other hand, a Donald Trump victory would open the door for crypto regulation, because in that case “anything is possible.” The financial analyst also noted that mid-March 2025 is likely to be the deadline for the SOL ETF decision.

What are the chances of a Solana ETF being approved?

The Chicago Board Options Exchange (CBOE) filed two Form 19b-4 applications on behalf of VanEck and 21 Shares two days ago. The applications disclose several key features of SOL, which serve as arguments for the native coin of a Layer-1 blockchain being listed in an ETF product. For example, the description states, “Like Bitcoin and ETH, the exchange believes that SOL is resistant to price manipulation.”

The Chicago-based exchange also acknowledged in a letter to the Securities and Exchange Commission (SEC) that the attempt to manipulate the price of Solana (SOL) was a wash trade, but said it did not affect prices on major exchanges because “participants will generally ignore markets with quotes that they deem unexecutable.”

Despite these developments, the overall belief that the Solana ETF will be approved by the end of 2024 remains at just 10%, according to the latest PolyMarket poll. However, SEC guidelines state that Gensler’s team has 240 days to make a decision after the revised filing is submitted, so this shouldn’t diminish the likelihood that the Solana ETF will be approved in 2025.

On the other side

  • Several crypto enthusiasts on X suspect that Valchuna’s tweet is politically motivated, as Bloomberg’s ETF analyst did not explicitly address why a Biden re-election would eliminate the possibility of a Solana ETF.

Why this matters

As major jurisdictions explore cryptocurrency adoption, discussions around blockchain technology are becoming a central part of the global political landscape.

Get the latest cryptocurrency news from DailyCoin:
All eyes on XRP and BTC as US crypto political event approaches
Justin Sun Sees Crypto Optimism in China After Court Win

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025
Most Popular

Binance Futures introduces USDC margined BOME, TIA and MATIC perpetual contracts with up to 75x leverage.

April 24, 2024

Encryption investors support funds for Historic Spacex Polar Orbit Manned Flight

April 1, 2025

Can Solana (SOL) overcome major resistance and trigger a new rally?

June 3, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.