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Expert Says Solana Will Shed "Meme Chain" Label Thanks to ETF

Chris Chung, Co-Founder and CEO of Titan, believes that the approval of Solana's exchange-traded fund (ETF) will be a significant step in changing the blockchain's image from a mere memecoin ecosystem to a more serious financial platform.

With clearer regulations, institutional investors' trust will increase, opening up opportunities for Solana to grow in the digital asset trading and payment sectors. While Solana's dominance in memecoins cannot be denied, especially with the presence of the Pump.fun platform, which has created over 7.5 million tokens and generated revenue of over $550 million, Chung emphasizes that now is the time for Solana to expand further, and ETF approval could be the primary catalyst.

The path to ETF approval has become more tangible as the Securities and Exchange Commission (SEC) begins reviewing Grayscale's Solana ETF application and opens public comments for four related investment products. With an predicted 85% approval chance this year, many are optimistic that this will enhance Solana's credibility in traditional finance.