#CryptoRoundTableRemarks
Solana Exchange-Traded Fund: SEC Requests Changes, Approval Imminent?
The U.S. Securities and Exchange Commission has postponed its decision on Solana ETFs, requiring issuers to amend their S-1 filings.
These changes may herald imminent approval, representing a potential turning point for cryptocurrency exchange-traded funds alongside Bitcoin and Ethereum.
Therefore, some observers believe the SEC may approve Solana exchange-traded funds within the next three to five weeks.
If confirmed, this would mark a turning point for cryptocurrency index funds. So far, the SEC has only approved index funds for Bitcoin (BTC) and Ethereum (ETH). Approval of Solana (SOL) funds will open the door for other cryptocurrencies.
For their part, ETF issuers do not intend to stop there. In fact, Fidelity, Invesco, and VanEck have recently filed for spot XRP exchange-traded funds.
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