The US Securities and Securities Exchange Committee recognized Grayscale’s modified application and performed a “notable” stage to approve the Solana Exchange-Traded Funds.
James Seyffart, an analyst of Bloomberg ETF, said, “The SEC is actually valuable because the SEC rejected the recent documentary attempts on the SOL, for the 19B-4 submission of Grayscale’s February 6th Spot Solana (SOL) ETF.
Eric Balchunas, an analyst of Bloomberg ETF, added: “We are now a baby stage, and it seems to be a direct result of leadership change.”
The SEC was reported to have rejected SOC Solana ETFS at Gensler’s Watch because he believed that he had been wrongly submitted for a product trust stock.
source: Scott Johnsson
In January, Seyffart said that the review process was more complicated by lawsuits such as Binance and Coinbase, which can be required by 2026 for SEC to approve Solana ETF, and that the SOL constitutes unregistered security.
Seyffart calls SOLANA’s security at the time, which prevents other SEC departments from analyzing other SEC departments for product ETF rappers.
Seyffart said that the last deadline for Grayscale’s Spot Solana ETF application is around October 11.
As the ETF publisher tests what kind of product can be approved according to the Mark Uyeda-Leed sec, the act of submitting the Crypto ETF has been hit by the SEC’s desk over the last few weeks.
21Shares, Bitwise, Vaneck and Canary Capital are also running on January 28 by CBOE BZX Exchange re-release 19B-4 and listing the Spot Solana ETF, and Bitwise suggested that the Spot Dogecoin (DOGE) ETF is the same. . afternoon.
CBOE BZX also submitted forms on Canary Capital, WisDomtree, 21Shares and Bitwise on February 6 in the United States.
Litecoin still seems to be in the next line
On February 6, the SEC recognized Grayscale’s 19B-4 submission to list the Litecoin (LTC) ETF in the next line to obtain SEC approval following Bitcoin and Ethereum.
Bloomberg ETF analysts maintain this view because the S-1 submission of CANARY to SPOT LITECOIN ETF is already actively reviewed by the regulatory agency, so the applicants of other Crypto ETFs have been slow to submit the S-1.
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JPMORGAN, a financial service firm, estimates Solana ETF’s approved branch between $ 3 billion and $ 6 billion in net assets in the first year. BALCHUNAS predicted a fairly “reasonable guess.”
The predictive market platform poly market estimates that the SPOT Solana ETF will be approved by SEC before July 31.
Betting market for the US Solana ETF approval probability by July 31st. Source: Polymarket
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