$SOL Compliance channels increase: Cryptocurrency ETFs provide institutional investors with a compliant investment method that does not require direct ownership of cryptocurrencies, reducing technical barriers (such as wallet management and private key security). This is particularly attractive to institutions with lower risk tolerance (such as pension funds and insurance companies).

Increased market recognition: The approval of spot ETFs for Bitcoin and Ethereum in 2024 marks the integration of crypto assets into mainstream finance. The new framework may further extend to ETFs for other crypto assets like XRP and Solana, enhancing market confidence in crypto assets and stimulating institutional capital inflows.