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![Solana (SOL) ETF Applications Look Like Bets on Trump Retaking White House, Making U.S. Friendlier to Crypto](https://www.coindesk.com/resizer/kvkFrzI8fVGrtlcwWSG5MbEZobI=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/2M43F5VLEFA6VBEEMR2DLGDFWM.jpg)
“Given that CME-traded solana futures don’t currently exist, it seems the only viable path for spot solana ETF approval would be the implementation of a legitimate crypto regulatory framework that clearly defines which crypto assets are securities versus commodities – or for the SEC to agree with solana being designated as a non-security commodity,” said Nate Geraci, president of the ETF Store, an investment advisory firm.