TechFlow news — In response to the SEC's withdrawal of its request to classify tokens such as Solana, Cardano, and Polygon as securities, Nate Geraci, president of The ETF Store, shared his views on X. He believes this move does not alter or improve the likelihood of a spot Solana ETF being approved.
Geraci noted that for a spot Solana ETF to be approved, one of the following conditions must still be met:
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CME launches Solana futures and establishes a sufficiently long trading history (likely the longest path);
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A comprehensive cryptocurrency regulatory framework is established (a lengthy process);
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A change in the U.S. executive administration (the fastest route).
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