Nate Geraci, president of The ETF Store, said: "I believe it is highly likely that the Solana ETF will be approved by the end of next year, and the news that the Securities Exchange Commission is now in contact with the issuer of the product is clearly a positive sign." Alexander Blume, chief executive of Two Prime Digital Assets, also pointed out that if the applicant does not think the Solana ETF can be approved, it will not waste time and money to do it. The success and precedent of spot bitcoin and spot ethereum ETFs, coupled with more crypto-friendly management and regulatory environments, will lead to the launch of SOL ETFs next year.