Solana-based ETFs are expected to receive approval soon, with key figures from Bitwise and VanEck expressing optimism about their performance. Anatoly Yakovenko, co-founder of Solana, and Kyle Samani, co-founder of Multicoin, discussed the promising future of Solana ETFs on the Lightspeed podcast. Samani highlighted the excitement from Bitwise and VanEck, who manage significant assets, about Solana ETFs exceeding expectations. He noted that the Ethereum ETF's performance provided valuable lessons, particularly regarding fee charges. Analysts from JP Morgan and Standard Chartered agree that Solana offers a superior user experience compared to Ethereum. The anticipation for Solana ETFs increased after the launch of Bitcoin and Ethereum ETFs in 2024, with Solana's price rising by 6% last week. The launch of Solana futures ETFs by Volatility Shares LLC and CME further boosted interest.

The future ofSolana-based ETFs, and the broader Solana ecosystem by extension, looks promising. Key founders have recently outlined expectations for the network and the potential performance of its highly anticipated Solana-based exchange-traded fund.While being interviewed by the host of Lightspeed, a cryptocurrency-based podcast, Anatoly Yakovenko, the co-founder of Solana, and Kyle Samani, co-founder and partner at Multicoin crypto investment firm, made big revelations about Solana’s future.According to Kyle Samani, the key figures at global investment firms VanEck and Bitwise are “really excited, and [they] think it’s [Solana ETF] going to exceed expectations.”Samani named Bitwise and VanEck as the institutional investors likely to be the front runners for the Solana ETF upon approval. The asset management giants oversaw a staggering $10 billion and $101.9 billion in assets under management, respectively, in the previous year.Noting that theEthereum ETF’s underwhelming performance from an inflow standpoint served as a learning opportunity for Bitwise and VanEck, Samani&nbsp;cited&nbsp;fee charges on the Ethereum network as a key factor that influenced the lukewarm reception to the Ethereum-basedETF.The market proponent further stated that JP Morgan and Standard Chartered investment analysts seem to agree that the user experience on Solana unseats that of Ethereum. “I suspect that a smaller market base to start from, better valuation multiple, and objectively better product experience will lead to a lot more success [for Solana ETFs].” He asserted.Anticipation for a Solana-based ETF soared following the launch of multiple Bitcoin and Ethereum-based ETFs in 2024. Solana (SOL) surged by 6% within 24 hours last week to trade at $130.The bullish uptrend coincided with the launch of Volatility Shares LLC’s Solana futures exchange-traded funds (ETFs), which went live on March 20, 2025. On March 18, 2025, CME launched its Solans Futures product, which debuted with a trading volume of $12 million.

Solana ETFs Poised for Approval Amid Optimism from Bitwise and VanEck