soolanan
@soolanan
The US Securities and Exchange Commission has approved the application to launch a Solana ETF. The US Securities and Exchange Commission (SEC) has finally recognized GrayScale’s amended application to launch a Spot Solana (SOL) exchange-traded fund (ETF). This move comes after previous applications to launch a Solana ETF were rejected due to misclassification as a commodity trust stock. Currently, major firms such as 21Shares, Bitwise, VanEck, and Canary Capital have all applied to launch Solana spot ETFs. Nate Geraci, head of ETF Store, predicts the ETF will be approved by the end of next year, while Bloomberg analyst James Seyffart believes the process could take until 2026.
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Ali 🎩
@alizifar.eth
It was interesting information 101 $DEGEN
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