CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

CoinDesk 2025-06-10 19:33:55

Solana's SOL Jumps 5% on Report of Spot ETF Development

Solana SOL surged 5% in after U.S. hours on Tuesday on a Blockworks report saying that U.S. regulators are moving forward in the regulatory process necessary to make spot SOL exchange-traded funds (ETF) reality. The U.S. Securities and Exchange Commission reportedly asked prospective issuers to amend their S-1 filings in the next week, according to the story, and will comment on the paperwork in the next 30 days after submission. SOL jumped above $164 in the minutes following the report, up nearly 5% over the past 24 hours. After the debut of bitcoin BTC and ether ETH spot ETFs in the U.S. last year, asset managers are racing to get regulatory approval to launch similar vehicles for smaller cryptocurrencies, offering traditional investors easier access to invest in digital assets. Several asset managers have filed applications with the SEC to launch funds holding SOL, including Fidelity, Grayscale, Franklin Templeton and VanEck. CoinDesk reached out to prospective issuers for confirmation but had not yet heard back at time of publication.

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.