VanEck believes that by the end of 2025, there is a high probability that a Solana-based spot ETF will be approved. Matthew Siegel, head of digital asset research at the company, told the Financial Times.

“I’m sure the chances of fund approval by the end of next year are very good,” he noted. Siegel also suggested that the change in leadership at the SEC could create the conditions for new innovations in cryptocurrencies and encourage the growth of exchange-traded funds based on digital assets.

According to him, VanEck expects the commission to start approving more cryptocurrencies than it has in the last four years. Bitwise Chief Investment Officer Matt Hougan believes that the outcome of the U.S. presidential election was extremely favorable for the crypto industry and can dramatically change the rules of the game.

“Over the past four years, the cryptocurrency industry has been in a challenging environment, facing an aggressive SEC stance, regulatory uncertainty, and restrictions on access to traditional banking services. Imagine what will happen when these barriers are removed,” he explained.

Hougan predicts significant growth in the use of cryptocurrency technology and widespread adoption that will have a tangible impact on the real economy.

VanEck applied to launch a spot Solana-ETF in June of this year, and Siegel noted in July that the chances of approval depend directly on the outcome of the U.S. election. Bitwise sent its application for an XRP spot ETF to the SEC in September, and Swiss firm 21Shares made a similar proposal in November. On Nov. 16, the value of XRP exceeded $1 for the first time since December 2021.

In addition, in October, the crypto-investment company Canary Capital submitted an application to the SEC to launch a Litecoin-based fund. Recall that on November 13, the aggregate trading volume of spot bitcoin-ETFs exceeded $500 billion.