The launch of a Solana ETF marks a significant shift in the SEC's stance towards this cryptocurrency. The SEC has initiated a binding process, with a deadline of October 11 to approve the Solana ETF, indicating a new consideration of the token as a legitimate asset. This move could attract institutional investments and increase liquidity and confidence in Solana. Furthermore, the news highlights Solana's impressive growth, with a 318% increase in its real economic value in the last quarter and a market capitalization close to 91 billion dollars. Solana not only competes with other altcoins like Litecoin but also stands out for its expanding ecosystem and decentralized applications. The approval of the ETF could be a catalyst for its future growth, although the path to approval faces regulatory and legal hurdles. A rejection could trigger legal actions, as occurred in the case of Grayscale vs. SEC in 2023.
