If I had to say which ETF is most likely to be approved, I would think it would be an ETF focused on Solana (SOL). Why? First, Solana's technology has developed rapidly in recent years, and its high throughput and low transaction costs have made it stand out in the market, especially in the decentralized finance (DeFi) and NFT fields where it has strong application scenarios. Second, Solana's ecosystem is continuously growing, with an influx of various projects and developers, making it more 'reliable' than many other altcoins. Compared to some other cryptocurrencies, Solana's stability and innovation may be more appealing to the SEC.

If a Solana ETF can be successfully approved, it would truly be a significant breakthrough for the crypto market, marking a more mainstream and regulated entry of digital assets into the traditional investment arena. As for the SEC's caution, I believe it is precisely to avoid market overheating and regulatory lag, to protect investors' interests, and to prevent these emerging assets from bringing unforeseen risks to the market. Once this process breaks through, it will open up an investment opportunity. I hope the SEC will expedite the approval and provide the market with a clear direction.