Anatoly Yakovenko, co-founder of Solana Labs, holds tens of millions of dollars worth of SOL. With the potential approval of spot SOL ETFs, the cryptocurrency’s price could surge. Yakovenko’s wealth has grown significantly, making him one of the richest men in crypto. His non-traditional path led him from Qualcomm to Solana Labs in 2018. The company raised substantial funding in 2020 and 2021, but ownership details remain private. Yakovenko’s equity in Solana Labs could range from 1-25%. He is also an active angel investor in various startups. Meanwhile, as altcoin ETFs gain approval, funds holding assets like SOL could have a major impact in their ecosystems. The SEC has approved a mixed spot SOL and derivatives fund, but 100% spot funds are still pending approval. Final decisions on several ETF applications have been delayed, with deadlines pushed back to October. Yakovenko’s wealth and Solana’s potential are in the spotlight as the ETF deadline nears.

Read more at Yahoo Finance: Solana CEO’s Wealth In Spotlight As ETF Deadline Nears