According to FOX Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has notified at least two institutions that submitted applications for a Solana (SOL) spot ETF, indicating that their 19b4 filings will be rejected.
Insiders reveal that this trend may continue, especially under the current government leadership, as the SEC tends to adopt a conservative stance, avoiding premature approval of more cryptocurrency ETF products.
