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According to Fox Business reporter Eleanor Terret, the SEC has notified at least two of the five applicants for a Solana (SOL) spot ETF that their 19b-4 filings will be rejected.

Terret cited industry experts as saying that the SEC is unlikely to approve any new crypto ETFs under the current administration. This suggests that, despite the growing demand for crypto ETF products, regulatory resistance to this type of investment continues.

A user on social media X responded to Terret’s post, suggesting that the possibility of Solana spot ETFs being approved remains high. In response, Terret wrote: “The SEC won’t approve one or a few applications and reject the others. Remember the Bitcoin ETFs – all eleven launched on the same day.”