‼️SOL ETF Approved? Not So Fast. You’re Being Misled.🤨
🚨 Everyone’s shouting “Solana ETF approved!” — but here’s what they’re not telling you:
🟢 What really happened:
•A product called the REX Solana ETF launched.
•It offers exposure to SOL + staking rewards.
•But it’s NOT a regular ETF — it’s a private fund, only available to accredited investors (high net worth individuals).
•It was not approved by the SEC in the way BTC and ETH ETFs were.
🛑 What this is NOT:
❌ Not a spot ETF like Bitcoin (BlackRock, Fidelity) or Ethereum.
❌ Not listed on Nasdaq or any public exchange.
❌ Not accessible to everyday investors.
❌ Not fully regulated under SEC’s Investment Company Act.
📉 The real deal:
•This is a Reg D private placement — basically a trust.
•It’s a workaround — not a green light from the SEC for Solana.
•It doesn’t signal that SOL has been declared a commodity or is safe from SEC scrutiny.
🔮 What’s coming:
•Real spot SOL ETFs (VanEck, 21Shares, Bitwise, Franklin Templeton) are still pending.
•Analysts say we may see true approval by end of 2025 — but nothing is confirmed.
💥 Bottom line:
👉 Don’t let headlines fool you.
👉 This is a big step, but not the real ETF moment for Solana.
