🔥Could we be close to a spot ETF for SOL?🚀
In the last few hours, applications for a #etf spot ETF of #sol have been updated with the U.S. Securities and Exchange Commission (#SEC ), as a sign that we might have approval very soon.
According to submitted documents, we have that Grayscale, Bitwise Invest, Franklin Templeton, and Fidelity have updated their S-1 application filings for a spot ETF for SOL, generating positive speculation in the community about its approval.
Something similar happened before the approval of the spot Bitcoin ETF in the past when these large fund managers rushed to update their filings with the SEC, having the certainty that the approval was very close.
Just as happened when the spot ETH ETF was approved, I believe we could see an initial "pump" of #criptomoneda SOL (in addition to other important tokens in the ecosystem of #solana ) if a spot ETF for SOL is approved, driven by the euphoria of the "moment." We might also possibly see a drop in a short time.
We will see how these movements develop in the coming days and if we see the approval of a spot ETF for SOL before XRP.
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