Grayscale, the world's largest digital asset company, has applied for a spot Solana (SOL) exchange-traded fund (ETF). This comes after the recent approval of Spot Bitcoin and Ethereum ETFs. Bloomberg ETF analyst James Seyffart believes that the Solana ETF will be approved under the new SEC administration but cautions that the timeline is uncertain. While Solana's price has seen a 4.6% increase in the last 24 hours and is currently trading at $237, the approval for SOL ETFs may not be imminent.



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