
This year could well mark the start of a golden age for cryptos. Donald Trump, ready to renovate the American financial landscape, promises a more flexible and dynamic approach. Between his taking office and tempting promises, the idea of a digital Eldorado appeals to investors. But the road seems strewn with pitfalls, especially for Solana-based ETFs, slowed by heated regulatory battles.

Headwinds for Solana ETFs
Solana-based ETFs aren't yet ready to light up Wall Street. Despite the election of Donald Trump and his favorable posture for the crypto industryJames Seyffart of Bloomberg Intelligence remains skeptical.
According to him, even with a pro-crypto administration, the first Solana ETFs may not arrive until 2026. For what so much waiting ?
- A colossal regulatory deadline: the SEC review process takes between 240 and 260 days;
- An ongoing legal battle: the SEC considers Solana an unregistered security, crippling any move toward an ETF;
- Divided hopes: some analysts, like Matthew Sigel of VanEck, remain optimistic about approval before 2025, while others suggest a much more distant horizon.
However, there is a light at the end of the tunnel: as user Gum (@0xGumshoe) reminds us, a Solana ETF could attract between $2.7 billion and $5.2 billionpropelling the value of SOL. So the question is not if, but when.
Crypto regulation: towards a strategic turning point
The specter of regulation still hangs over cryptos. Under Joe Biden, the SEC showed its teeth, with hundreds of lawsuits against companies in the sector. Trump promises a clean break, wanting to transform the United States into the crypto capital of the world.
However, the market remains wary:
- Bitcoin and Ethereum ETFs have led the way in 2024, but no notable progress for altcoins like SOL or XRP;
- Requests for ETFs indexed to baskets of cryptos remain pending;
- Previous repressive actions continue to hamper innovation.
Eric Balchunas, also an analyst at Bloomberg, believes that these ETF proposals are “ purchase options » on Trump's victory. Clearly, the future of crypto ETFs rests on a regulatory chess game where every pawn counts. The centerpiece? An administration ready to bet on innovation.
Additionally, record inflows into the Ripple ecosystem provide clues to a potential Spot XRP ETF. With such dynamics, investors are scrutinizing every movement, because the future of cryptos, between hope and regulation, hangs by a thread.
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