Brazil just got its second Solana ETF approved by the Comissão de Valores Mobiliários (CVM) and will be operated by the Brazilian asset manager Hasdex. While Brazil leads the regulatory charge on altcoin ETF product approvals, VanEck exec remains confident that a US-based Solana ETF is ‘‘still in play.’’
The most incredible headwind remains the CBOE removing its filing. It was requested by the SEC on July 9th, with a final decision in March of next year. But in early August, this 19b-4 filing disappeared from the website. What’s going on? And, more importantly, what will the second-order effects of a Solana ETF be on meme coin and altcoin markets?
Why Solana ETF hopes rest on Trump
VanEck, an American investment management firm founded in 1955 with more than 89 billion dollars AUM, has always been ahead of the curve. They make money when they are ahead of the curve, and nowhere has this been clearer in their pragmatic and forward-looking approach to crypto.
Attitudes and precedents change with time, but the most important thing facilitating this change are entities such as VanEck that continue to fight the good fight. While the SEC may have behaved poorly towards the crypto industry, crypto has performed excellently in courts. VanEck firmly believes that SOL is a commodity like BTC and ETH and continues to advocate for a Solana ETF.
All branches of the United States have become politicized in recent years, and many underestimate the effect of a potential Trump victory. Trump in the white house means Gary Gensler is out of a job and a mountain of regulatory-friendly policy headed toward crypto. While the current scenario may look dicey for a Solana ETF, if Trump makes it to the Whitehouse, it is guaranteed that a slew of altcoin ETFs will make their way to markets. And a Solana ETF will be first in line.
The incentives are perfectly aligned. Trump wants the crypto vote, and ETF issuers love crypto products because of the generated fees. The Bitcoin ETF has been the most successful ETF launch of all time, and even Ethereum and its lagging inflows rank fifth. Do not get caught offside by a surprise approval.
Poodlana injecting glamour into memes
Poodlana has been a massive breath of fresh air for the meme coin space, injecting glamour, class, and style into an arena saturated with low-effort and tacky memes. POODL would be a net beneficiary of a Solana ETF, and as institutional inventors pile in, the corresponding wealth effect on-chain would spill into all ecosystem assets.
A surprise approval would generate incredible hype and positive sentiment for SOL. The ideal conditions for speculative buying that fuel meme coins higher than investors can imagine. Many forget that DOGE topped out at a $88 billion market cap last cycle. POODL still trades below $20 million; if it reached DOGE’s prior ATH, it would be a 5,208X from here!
After raising an impressive $8 million in its presale, Poodlana has taken over the Solana ecosystem. Branded as the ‘Hermès of Crypto’ and already dominating Asian markets, this classy poodle has just started its journey.
Poodlana ready for take-off?
POODL was recently listed on MEXC and BingX, showing that the team is not waiting around and prioritizing attention and market accessibility. Centralized exchange listing takes meme coins to the next level, and POODL could easily 100X from here with all the attention its stunning aesthetic is garnering.
A Solana ETF would send this meme coin gem into absolute overdrive, and Poodlana succeeded in filling market demand—a desire for a classy meme coin that stands a cut above the rest. Poodlana is showing the world it pays to be bullish on high-end goods, and POODL is the crème de la crème of the meme coin space. A POODL take-off is imminent.
For more details, visit the Poodlana website.
