$SOL

#ETFWatch 🔥 According to the latest news, major financial institutions have submitted applications to the SEC to launch ETF funds for Solana, with Grayscale being the most notable one whose application has been accepted and is currently under review.

The approval process for any ETF is not easy; after the application is accepted, there is a general suspension period of 21 days, and afterwards, the Securities and Exchange Commission reviews the application, which can take up to 240 days. If all regulatory conditions are met, we might see the first Solana ETF in the market, which would be a significant change as it would allow investors to easily enter Solana (SOL) through traditional financial markets.