The American Commission of Securities and Exchange has taken a “significant” step towards approval of Solana Exchange turnover funds in the USA after recognizing the changed conclusion of Grayscale-in what, according to analysts, is the first for Sol ETFS.
“It is properly worth because SEC refused to report SOL in recent attempts,” ETF Bloomberg James Seyffart analyst he said Grayscale’s on February 6 changed 19b-4 filing For point ETF Solana (SOL).
Colleague analyst ETF Bloomberg Eric Balchunas he said It was “noteworthy” development, adding: “We are now in a new territory, although only a child, but seemingly a direct result of change in leadership.”
Sec reportedly refused these ETF Solana points in the observation of Gensler because they believed that they were incorrectly submitted as Towans Trust, financial lawyer Scott Johnsson He explained.
Source: Scott Johnsson
In January, Seyffart said that by 2026 SEC could approve the ETF Solana, and the review process was additionally complicated by ongoing lawsuits against such as Binance and Coinbase, which claims that Sol is unregistered security.
“The SEC enforcement department calls salted safety, which prevents other SEC divisions to analyze it for the packaging of the ETF of goods,” Seyffart said at that time.
The final date for the Solana ETF spot of the Grayscale application expires around October 11, said Seyffart.
The madness of cryptographic ETF reports has hit the SEC desk over the past few weeks, when ETF issuers are testing which products can be approved on the basis of SEC conducted by Mark Uyeda.
21 Shares, Bitwa, Vaneck and Canary Capital also participate in the Solana ETF Spot leaves after CBEE BZX Exchange recorded 19b-4 on their behalf on January 28, while Bitwery proposed to mention the point ETF Dogecoin (Doge) on the same day.
CBEE BZX also submitted forms Canary Capital, Wisdomtree, 21shares and Bitwery to mention the XRP (XRP) ETF in the USA on February 6.
Litecoin still looks like he was next in the queue
SEC February 6 recognized Grayscale 19b-4 notification to mention ETF in the Litecoin (LTC) place, which according to Seyffart is next in the queue to obtain SEC, after Bitcoin and Ethereum.
ETF Bloomberg analysts maintain this view, because the notification of S-1 Canary to the ETF Litecoin point is already actively checked by the regulatory authority, while the applicants to other ETF cryptographs were slower to submit their S-1.
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Firma Financial Services JPMorgan estimated the approved place of ETF Solana can attract $ 3 to $ 6 billion in net asset during the first year – Balchunas forecasts he said It was quite a “reasonable guess.”
The PolyMarket’s market platform estimates that there is a 39% chance that the Solana ETF point will be approved by SEC before July 31.
Plant on the chances of approval by Solan ETF in the USA until July 31. Source: Polymarket
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