Mr. Amin

01/26 17:11

The chances of a Solana exchange-traded fund (ETF)

The chances of a Solana exchange-traded fund (ETF) have suffered a major setback after speculations that the US SEC has provided a crucial update.

A new update would put the Solana community in an emotional mangle. A few days after the positive sentiments over Grayscale’s involvement in the Solana ETF proceedings swelled, speculations suggest the product may not see the light of day soon.

FOX Business journalist Eleanor Terrett reported that the Solana ETF approval process would not proceed further under the current administration. The notable reporter affirmed the development, citing an undisclosed source
SEC to Reject Solana ETF Applications
Terrett tweeted that the Securities and Exchange Commission notified at least two of the five Solana ETF applicants that the approval process would not proceed for now. The development suggests the regulator will respond negatively in the preliminary decision due in January 2025.

Meanwhile, the FOX Business journalist stated that the reason for the possible rejection is a new consensus in the SEC camp. The Wall Street watchdog insisted that the current administration would not approve any new crypto ETFs.

#BTC price hits a new high of $120,000! #Share Your Thoughts on Popular Assets in March#Win 400 USDT: Share Your Crypto Loans Trades

3Condividi