Analysts predict that Solana (CRYPTO:SOL) ETFs might see a final decision deadline around mid-March 2025, following recent applications by the Chicago Board Options Exchange (CBOE) for VanEck and 21Shares' proposed ETFs.

Bloomberg ETF analyst Eric Balchunas highlighted that the outcome of the November presidential election could significantly impact the approval process.

The SEC has 240 days to approve or deny the CBOE's applications. Analysts believe political factors, especially the presidential election, could influence the decision.

Additionally, research suggests that Solana’s price could surge significantly if the ETFs are approved.

VanEck and 21Shares' applications mark the first proposed ETF products linked to Solana, the fifth-largest cryptocurrency.