Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
ZyCrypto 2025-02-12 08:15:58

Solana ETFs Inch Closer Toward Approval As SEC Acknowledges Filings From Multiple Asset Managers

Solana ETFs Inch Closer Toward Approval As SEC Acknowledges Filings From Multiple Asset Managers

On Tuesday, the U.S. Securities and Exchange Commission acknowledged several Solana-based exchange-traded fund applications, signaling progress on new altcoin funds entering the US market. Observers see the move as a shift from how the regulator had previously considered such financial instruments. SEC Opens Public Comment On Four SOL ETFs In a regulatory filing on Feb. 11, the SEC opened up public comment on Canary Capital’s Solana Trust — a proposed exchange-traded fund that would bring SOL investing to Wall Street. Later in the day, the Securities and Exchange Commission acknowledged similar filings from VanEck , 21Shares , and Bitwise . The development follows the SEC soliciting public comments on a proposal last week to list and trade the Grayscale Solana Trust, which the asset management giant wants to convert into a SOL ETF. Franklin Templeton also looks primed to enter the SOL ETF race. On Tuesday, the firm filed documents in Delaware to register the Franklin Solana Trust, which, if approved, would track the price movement of the world’s fifth-largest crypto — which CoinGecko data shows has a $95 billion market cap. SOL ETF Approval Odds Reach 70% Previously, the SEC had rejected the investment firms’ applications to list Solana ETFs. But now, with a pro-crypto United States government under President Donald Trump, momentum seems to be gathering around potential altcoin ETFs. Notably, the new SEC has already launched a dedicated crypto task force headed by Commissioner Hester Peirce. Many believe ETFs tracking Solana, Litecoin, Ripple’s XRP, and Dogecoin will get the green light in 2025. As ZyCrypto previously reported , Bloomberg analysts James Seyffart and Eric Balchunas tip the probability of Solana ETFs being greenlighted by the U.S. SEC at 70%. One hindrance that could emerge for SOL-based ETFs is the debate of whether to categorize the crypto as a commodity or security. The SEC has labeled SOL as an unregistered security in multiple suits against exchanges like Binance , Kraken , and Coinbase . Nonetheless, all signs suggest the securities watchdog, under new leadership, will be more amenable than in the past. Hopes swelled after the SEC, and Binance filed a joint motion to temporarily pause their ongoing legal fight to allow the crypto task force to figure out a possible resolution.

Most Read News



Cryptohopper
Market Cap
24h Vol
60.37%
Bitcoin Share
220
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.