What’s up, my crypto people! Your buddy Noticia brings you some juicy gossip that’s shaking things up in the world of cryptocurrencies. Buckle up because things are getting spicy with Solana (SOL)! 🔥
It turns out that the SEC (that American entity that regulates everything) has a deadline of October 10 to decide whether to give the green light to spot Solana ETFs. But hold on! There are rumors that they won’t wait until the last minute, not at all! 🗓️ A source very close to the matter revealed that the SEC "is under pressure to approve this quickly." Just as you hear it! It seems they are in talks with companies looking to launch these ETFs to send them the corrected documents before the end of July. That’s almost now! 🏃♂️💨
And why the rush, you may ask? Well, it seems that the launch of a new ETF called REX-Osprey SOL and Staking (SSK), which hit the market on July 2, is putting pressure on them. This is the first Solana ETF that comes with "staking," meaning that besides tracking the price of the crypto, it gives you an extra profit for putting your SOL to work. A well-thought-out thing that has everyone buzzing! 🤯
Imagine, this movement of Rex Shares has put the SEC in check, forcing them to step up the approvals of other Solana ETFs. James Seyffart, an ETF expert from Bloomberg Intelligence, stated that there are "more positive signals from the SEC regarding possible new cryptocurrency products." In other words, the atmosphere is heating up!
However, be careful, Seyffart himself clarified that this is all "dialogue and amendments," and there are still no definitive approvals. But the mere fact that they are talking and moving papers is already a super positive sign for the market!
If all this comes to fruition, the spot Solana ETFs would be the third cryptocurrency funds of this type in the United States, after those for Bitcoin (BTC) and Ethereum (ETH) which were approved last year. Solana would join the big leagues, folks! Major companies like VanEck, 21Shares, Bitwise, Grayscale, Franklin Templeton, Fidelity, CoinShares, and Canary Capital have already submitted their applications. This is promising!
So, stay alert, because the crypto world keeps surprising us. Solana might give us a big joy this year sooner than we expect! Do you think the SEC will take the big step before October? Leave me your comments! 👇$SOL
