Wintermute Founder: SOL ETF Will Be Difficult to Approve This Year

Wintermute Founder and CEO Evgeny Gaevoy said on Platform X that the likelihood of the SOL ETF being approved this year is almost nil (wishful thinking that this will be a priority for the Trump administration is pretty silly), that Wintermute is a longtime supporter of SOL and ETH, but that it shouldn't be overly bragging about it, and that it's just good to be realistic, the Cryptocurrency adoption takes time. Once you actually see the inflows to the ETH ETF, you'll realize that even if the SOL ETF is approved, the inflows will be smaller. In previous news, custodian VanEck filed the first U.S. Solana ETF application.