In an interview with CoinDesk, Bloomberg ETF analyst Eric Balchunas pointed out that whether SOL ETF will be approved in 2024 largely depends on changes in the government's leadership. He stated that the term of current regulator Gensler is coming to an end, and if the government does not choose to extend his leadership or replaces him with someone with a different stance, the approval situation for SOL ETF may undergo significant changes. Particularly, if the Republican Party takes office, the situation might change, as there is a certain connection and possibility of cooperation between Trump and his team and regulators.