The interest in exchange-traded funds (ETFs) related to Solana (SOL) has grown significantly in recent months. Several companies have submitted applications to launch Solana-based ETFs, although they face regulatory challenges.

Solana ETF Applications:

VanEck and 21Shares: These firms have applied for the approval of Solana ETFs with the U.S. Securities and Exchange Commission (SEC). However, the SEC has shown reluctance, arguing that Solana could be considered an unregistered security. Despite this, VanEck maintains its application, citing the growing decentralization and maturity of the Solana network.