Polls show that over 60% are optimistic about SOL becoming the next ETF, with regulatory positioning being the biggest obstacle.

A recent public opinion poll regarding Crypto Assets ETFs shows that over 60% of respondents believe Solana (SOL) will become the next approved ETF after Bitcoin and Ethereum. This result reflects the market's general optimism towards SOL.

Many industry insiders are also optimistic about the prospects of the SOL ETF. A research director at a well-known bank predicts that ETFs for crypto assets like SOL may be approved by 2025. The founder of a capital firm stated that they are preparing for the SOL ETF. Another CEO of a cryptocurrency investment company also pointed out on a TV program that Solana is likely to become the next ETF candidate.

The main reason SOL has received widespread attention is its position in the cryptocurrency market. From a market capitalization perspective, SOL indeed has a significant advantage among mainstream crypto assets.

However, the biggest challenge facing SOL is its regulatory positioning. In June 2023, the U.S. Securities and Exchange Commission (SEC) listed SOL as a security in two significant cases. This classification makes it difficult for SOL ETF to be approved in the short term. Crypto assets that are considered securities must adhere to stricter regulatory requirements, which increases the difficulty of becoming an ETF underlying.

In addition to SOL, several other Crypto Assets have also been classified as securities by the SEC, including BNB, ADA, MATIC, etc. These assets also face similar ETF approval hurdles.

However, the recently passed FIT21 bill has brought positive signals to the industry. The bill clarifies the classification of digital assets and regulatory agencies, and defines the concept of decentralization. This creates favorable conditions for the approval of more crypto ETFs in the future.

Although SOL is currently classified as a security, regulatory attitudes are not set in stone. With the advancement and implementation of the FIT21 bill, there is still a possibility that SOL may be redefined as a "digital commodity" in the future. Therefore, SOL remains one of the most promising crypto assets to become the third approved ETF, with the specific timeline depending on the progress of relevant legislation and the evolution of regulatory policies.

This view only represents personal opinion and does not constitute investment advice. Investors should conduct their own in-depth research and judgment.