Matthew Siegel: "The launch of the Solana spot ETF depends on the outcome of the U.S. election"

Some changes are also needed in Washington itself for the new exchange product to get the green light, VanEck's top executive reasoned:

"There is a good chance that crypto voters will play a decisive role in this election. We are already seeing changes in the regulatory environment at the level of elected officials. A lot of Democrats are voting in favor of cryptocurrency-supportive legislation."

VanEck filed to launch a spot Solana-ETF last week. Switzerland-based 21Shares soon took similar action.

Earlier, Matthew Siegel suggested that the victory of Republican presidential candidate Donald Trump, who is running for the US presidency, would be beneficial to the crypto industry.