Nate Geraci, president of The ETF Store, wrote on the X platform that the SEC's decision to no longer treat tokens such as SOL as securities will not change or improve the chances of a SOL spot ETF being approved, which is correct. Approval of a SOL spot ETF still requires one of the following conditions: CME-traded SOL futures have a long enough trading record (possibly the longest path). A comprehensive cryptocurrency regulatory framework (a long road ahead). Administrative change (the fastest path).