$SOL Read the article to understand what's happening 👇🏼
According to the latest news, the chances of the SEC approving Solana CTFs are brighter than ever.
Fox News correspondent Eleanor Terrett reports that the SEC has informed at least two of the five companies that have applied for Solana spot ETFs that their applications will be rejected. Click here to get advertising or press releases The Crypto Project
Opportunity to approve Solana ETFs
According to Teherit, the SEC has received at least five potential issuers' notices that it will reject their 1964 applications for Solana ETFs.
Al-Ghouriya.
The consensus here, as I have before, is that the SEC should not consider any new managed cryptocurrency ETFs.
Current written.
This perception is contrary to previous trading, just a few days ago, reports indicated that negotiations for the LTE Solana funds were going well and that approval could be in the cards.
However, recent signals from the SEC suggest that the regulator remains reluctant to expand the scope of cryptocurrency ETFs beyond Bitcoin and Ethereum, which have been approved in the United States.
The Logs coin is among the many cryptocurrencies whose ETT fund creations are still in a state of stagnation. Besides Mawlana, there are applications under review for ETF funds such as XRP, HBAR, and Litecoin LTC.
After filing Form 4-196, which outlines the SEC review process timeline, a crucial step in this journey. However, James Simart of Bloomberg Intelligence notes that many applicants have not made it to this stage as outlined in the deadlines. Final Determined - N/A
BitO Ease, Canary Debit, and Grayscale have recently made headlines by filing for Solana ETFs. Meanwhile, VanEck and 21Shares have teamed up to file an application with Cboe, signaling broad institutional interest in the Solana pepti system.
Despite this momentum, a lack of regulatory clarity continues to weigh on the market, with the odds of a shortfall on Solana’s ETFs falling to just 3% three months ago.
Many see the Hit Solana sandbox as the next natural step in the maturation of the market, allowing access to a larger number of investors and therefore greater liquidity.
The SEC’s blunt stance reflects the challenges of achieving this feat under the current regulatory framework, with many applications denied or pending without clear timelines, freezing the broader struggle between innovation and oversight in cryptocurrency immunity.
Political and regulatory changes may change things.
The SEC’s push to expand approvals for cryptocurrency ETFs reverses the current administration’s cautious approach toward digital assets led by Chairman Gary Genesis, while the market hopes that academic and leadership changes will change this dynamic.
President-elect Donald Trump has expressed a pro-crypto stance that some experts believe could pave the way for more lenient policies. Analysts suggest that the Trump administration has not created a more favorable regulatory environment for digital assets, especially with a crypto-friendly SEC chief like Paul Inkins.
This change will re-energize Solana and other struggling altcoin trading platforms.
Dan Jablonski, president of growth at news company Wharton Sindika, said the greatest supporter of the new Trump presidency will be the exchange-traded fund that has been long in the spotlight in 2025 or 2026. No one who has worked hard at Van Eck will support this effort from 2 21Shares "Canary Capitals
Despite regulatory hurdles, Solana continues to show strong growth in the interoperable ecosystem. As of writing, Solana is trading at $239.47, up a modest 1.37% on the day. The blockchain is celebrated for its high processing capacity and low transaction costs, which has attracted interest from
Institutions
$239.47
Appointment of new SEC chairman before resignation
Jestri As Trump's inauguration approaches, there is a potential for major regulatory changes. These developments could usher in a new era of cryptocurrency acceptance, opening the door to Solana and other altcoins. CTF Until then, the road to the attached mead remains uncertain.
Certainty.
📍 Sources.
Bencrypto
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