Industry analysts are deliberating the approval prospects of Solana (CRYPTO:SOL) ETFs following recent filings by VanEck and 21Shares with the SEC.

The filings have sparked discussions on the feasibility of these ETFs entering the market, with a focus on regulatory standards and upcoming political developments.

Nate Geraci from ETF Store suggests that these filings mark the beginning of a countdown to a decision, potentially leading to a verdict by mid-March 2025, heavily influenced by the results of the November US elections.

Eric Balchunas adds that political outcomes could sway approval chances, contrasting current regulatory challenges under SEC Chair Gary Gensler's oversight.