<ul><li>The U.S. Securities and Exchange Commission (SEC) is set to reject applications for at least two Solana (SOL) spot exchange-traded funds (ETFs) due to concerns about Solana's potential classification as a security.</li><li>Sources suggest that the SEC is unlikely to approve any new cryptocurrency ETFs during the current administration.</li><li>The SEC's stance extends beyond Solana to other anticipated crypto ETFs, raising concerns about broader regulatory obstacles.</li><li>Industry analysts believe that SOL ETFs may not gain approval until 2025, contingent on potential leadership changes at the SEC.</li></ul>

Are Solana Spot ETFs Doomed Under the Current SEC?

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