The US Securities and Exchange Commission (SEC) is reportedly making “positive” progress on discussions regarding a spot Solana ETF product, according to Fox Business Journalist Eleanor Terrett. The regulator is now engaging with issuers regarding their S-1 registration statements, with two SEC sources reportedly confirming that exchanges may soon file 19b-4 on their behalf.
The 19b-4 is a key part of the ETF approval process and indicates that exchanges are urging the SEC to approve the Solana ETF listings. VanEck, 21Shares, and Canary Capital are currently leading the Solana ETF application drive. The US SEC is changing its stance on crypto ETFs, which might be due to the pro-crypto Trump administration.
However, the price of Solana has jumped by 7.14% to $250.
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<p>The post US SEC Approves Solana ETF: A New Dawn for Crypto Investors first appeared on CoinBuzzFeed.</p>
