On May 23, Bloomberg ETF analyst James Seyffart posted on X that demand for SOL ETF may be greater than other digital assets except BTC and ETH. However, the problem is that SEC's attitude towards SOL is completely different from that towards ETH. In previous lawsuits against Coinbase, Kraken, and other companies, SEC has bluntly stated that "Solana (SOL) is a security," which may make the road to SOL's ETF very difficult.
Analyst: There may be great demand for SOL ETF, but the SEC's tough stance will be a huge obstacle
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