Donald Trump's presidency will accelerate the approval of Solana ETFs.

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Donald Trump's presidency will accelerate the approval of Solana ETFs.

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The U.S. presidential election could provide a breakthrough for additional crypto ETFs like SOL, per the research note shared with CoinDesk. If Trump becomes president again, he could shake up the established playbook for launching crypto ETFs, which usually takes years and starts with the introduction of federally regulated futures contracts – something solana lacks.
Under the Biden administration, Solana (SOL) appears nowhere close to getting its own ETF in the U.S. But, according to market-making firm GSR, if Donald Trump retakes the White House, it might be closer than many observers think and price-wise have far more upside than bitcoin (BTC) did when its spot ETF debuted.

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Impact of Donald Trumps Presidency on Solana ETF approval