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The Defiant 2025-02-08 20:46:51

Solana ETF Increasingly Likely After the SEC’s Unprecedented Step

The Securities and Exchange Commission (SEC) has acknowledged an application for a Solana exchange-traded fund (ETF), signaling a major shift in the agency’s stance towards altcoin funds. On Thursday, the SEC issued a notice acknowledging a filing from NYSE Arca, which proposes to list and trade the Grayscale Solana Trust. By acknowledging a document called form 19b-4, the enforcement agency is starting the clock on a process under which it must approve or deny the application by Oct. 11. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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