Solana ETF Approval Incoming? SEC Signals Green Light! ๐
The U.S. Securities and Exchange Commission (SEC) is reportedly fast-tracking Solana ETFs, with approvals potentially arriving within 3-5 weeks. Issuers have been asked to resubmit S-1 filings, refining details on in-kind redemptions and staking.
๐น Why It Matters:
- Staking inclusion could be a game-changer for ETF structures.
- Major players like Grayscale, VanEck, and Franklin Templeton are in the race.
- SOL price surged over 4% on the news, nearing $165.
๐ Analysts predict a 90% approval chance in 2025. Could this be the start of an altcoin ETF summer?