SOLANA ETF MOMENTUM 🚀 – IS THE SEC READY TO GREENLIGHT?
Since Bitcoin and Ethereum entered the market in 2024, the crypto world has eagerly awaited spot ETFs. With SEC clearance in motion, XRP and Solana ETFs are next in line.
On Thursday, September 25, Bitcoinist reported that the final adjustments to spot XRP and Solana ETFs are expected this week. Multiple issuers have updated their US Solana ETF filings, as predicted.
Is SOL ETF SEC Approval Certain?
Bloomberg analyst James Seyffart shared revised Solana ETF prospectuses on X on Friday, September 26, showing active communication between issuers and the SEC. These updates bring a spot Solana ETF closer than ever.
Following Seyffart's post, Bloomberg analyst Eric Balchunas noted that investors may soon start the final countdown to these crypto-linked financial products’ approval.
Earlier, ETF Store president Nate Geraci expected the final Solana ETF application changes this week, especially after the SEC approved the Hashdex Nasdaq Crypto Index US ETF under its new generic listing rules. These rules allow spot crypto ETFs outside Bitcoin and Ethereum without requiring a rule amendment (19b-4).
Geraci highlighted a rush of S-1 amendments from issuers like Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary. He also pointed out that new Solana ETF applications allow staking, which bodes well for future spot ETH ETF staking.
Overall, Geraci predicts the SEC could approve these SOL-linked securities within two weeks.
✨ The countdown is on! SOL enthusiasts, are you ready? 🚀💎
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