Golden Finance reported that Matrixport released today’s chart saying that Grayscale has submitted an application to convert Solana Trust into a spot ETF. Although the product currently has AUM of $134 million, which is relatively small, if approved it would set an important market precedent for other ETF issuers. What needs special attention is that Solana’s financing rate is currently as high as 70% annualized, which puts huge pressure on leveraged long positions. Historical experience shows that similar high financing rates are often associated with price corrections, as in March of this year, when the SOL-USDT price fell back against the backdrop of similar financing rates. In the weekly "Matrix on Target" report, it was mentioned that after Trump is elected president, he is expected to nominate crypto-friendly legal counsel Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC). If this nomination comes true, it is expected to have a positive impact on the crypto industry.