Bloomberg Analyst: VanEck's Solana ETF application is a bullish option for the November election

Bloomberg ETF analyst James Seyffart said in an interview before 21Shares became the second Solana applicant, "I think VanEck's application is a bullish option for the November election. Under the current SEC administration - based on years of approval and rejection orders for crypto ETFs - they should reject the Solana ETF because there is no federally regulated futures market. However, this situation may change with a new White House administration and a new SEC government that is more willing to comply with crypto policies."