ChainCatcher news, Fox Business reporter Eleanor Terrett posted on social media that the cryptocurrency investment firm Canary Capital has submitted a SOL ETF application to the U.S. SEC.This is the third cryptocurrency ETF application submitted by the company this month, as Canary Capital has previously applied for LTC ETF and XRP ETF.

ChainCatcher news, according to BITCOINLFG, sources say that BlackRock may apply for a SOL ETF in July.

ChainCatcher news, before the application for the VanEck Solana ETF was submitted, the asset management company 3iQ also filed for a SOL ETF in Canada. If approved by the Ontario Securities Commission, the product will trade on the Toronto Stock Exchange.It is reported that the 3iQ product is a closed-end fund, which means it will offer a fixed number of shares, while the VanEck Solana ETF will allow authorized participants to create and redeem shares based on market demand.Bloomberg Intelligence analyst James Seyffart stated on X that 3iQ's Solana fund will be more similar to Grayscale Trust products.

Wintermute founder and CEO Evgeny Gaevoy posted on X that the likelihood of a SOL ETF being approved this year is almost zero (it is quite foolish to wishfully think this would become a priority for the Trump administration); once you actually see the inflow of funds into the ETH ETF, you'll understand that even if the SOL ETF is approved, the inflow will be even less.Evgeny added that Wintermute is a long-term supporter of SOL and ETH, but one should not overstate it; being realistic is important, as the adoption of cryptocurrency takes time.

ChainCatcher news, Bloomberg analyst James Seyffart posted on the X platform that VanEck has submitted the first SOL ETF in the U.S. It is worth noting whether other issuers will follow suit. The current thought is that if there is a new administration in the White House and a change in the SEC, the relevant applications might be launched sometime in 2025, but it may also not materialize.

ChainCatcher message, Skybridge Capital founder and managing partner Anthony Scaramucci stated on social media: "We will be ready for the SOL ETF."

ChainCatcher news, Bloomberg ETF analyst James Seyffart posted on X that, besides BTC and ETH, the demand for SOL ETFs may be greater than for other digital assets. However, the issue lies in the SEC's attitude towards SOL being completely different from that towards ETH. In previous lawsuits against Coinbase, Kraken, and other companies, the SEC has been straightforward in stating that "Solana (SOL) is a security," which could make the path for SOL ETFs very rocky.