Solana-Based Swap Platform Titan’s Founder Predicts High Likelihood of SOL Spot ETF Approval by May

Chris Jung, the founder of the Solana-based swap platform Titan, recently stated in an interview with Cointelegraph that the U.S. Securities and Exchange Commission (SEC) is highly likely to approve the SOL Spot ETF applications submitted by VanEck and Canaria Capital as early as May. He explained that the Chicago Mercantile Exchange (CME) announcing the launch of Solana (SOL) futures is a signal to regulators that SOL is a mature asset, further increasing the chances of Spot ETF approval. Meanwhile, CME is currently awaiting regulatory approval to launch SOL futures on March 17 (local time).

Interestingly, there are rumors that Barron Trump holds a long position in Solana. Could this indicate some level of coordination between the SEC and Trump? While nothing is confirmed, it seems like there’s a significant amount of money in play, potentially setting up a Trump Coin-like scenario.