$XRP SEC has accepted the application for a Grayscale SOL ETF

This has brought into discussion the Solana applications rejected since December, highlighting that the current moves of the SEC reflect a potential for the acceptance of more crypto ETFs.

Recently, the regulator acknowledged the application for a Grayscale Solana ETF, and the final deadline for the application would likely be in October.

This was an important move, considering that SOL had previously been accused of being a security, a point also emphasized by Bloomberg analyst Eric Balchunas.

Seyffart also stated that the recent moves of the SEC signify a positive sign for any entity facing an active lawsuit in which the regulator claims that SOL is a security.

If more crypto ETFs were accepted by the SEC, this would equate to an open door for more institutional investments in crypto.

It is also noteworthy that today, the price of DOGE has increased by over 3% and XRP has risen by over 10%.

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