Daniil
@danikdranik505
108 Following
29 Followers
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
383 replies
184 recasts
3847 reactions
3/
End of Summary.
My take:
So, VanEck has submitted an application for a spot Solana ETF, which, while anticipated, is the first of its kind. More to follow.
Typically, approvals take years and require prior futures trading on CME. However, recent developments have been unusual—unexpected approval of a bitcoin ETF and a rapid start of trading within days, followed by an even more surprising approval of a spot ETF for ether.
Adding to the uncertainty is the fact that the SEC considers Solana a security, which led to Robinhood delisting it.
Given that crypto has become a notable topic in the upcoming election, there is a chance that the Solana ETF might be approved before the US elections.
A positive aspect of the application is that no Solana will be used for staking, something the SEC would not approve.
Solana jumped 7% in response, and the main Solana meme WIF also saw activity. As always, be cautious and avoid chasing pumps. 0 reply
1 recast
3 reactions
0 reply
1 recast
3 reactions
1 reply
2 recasts
4 reactions
0 reply
1 recast
1 reaction
1 reply
0 recast
2 reactions
2389 replies
1800 recasts
4261 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
1 reaction
1 reply
1 recast
2 reactions
0 reply
1 recast
1 reaction
0 reply
1 recast
1 reaction
0 reply
1 recast
1 reaction
31 replies
23 recasts
135 reactions
0 reply
0 recast
1 reaction
1 reply
0 recast
1 reaction
0 reply
1 recast
3 reactions