🚨 The SEC will reject Solana ETFs 😫💔
The U.S. Securities and Exchange Commission (SEC) is set to reject the pending applications for exchange-traded funds (ETFs) from
$SOL .
🗣 The financial regulator has notified at least two of the five issuers seeking approval for a Solana (SOL) ETF, according to Fox News reporter Eleanor Terrett. VanEck was the first asset management firm to submit a 19b-4 application to the regulator on June 27, followed by 21Shares on June 28 and Canary Capital in late October.
Following Donald Trump's victory in the presidential election on November 6, Bitwise and Grayscale also submitted applications for a Solana-based fund.
🌎 Trump's return to the White House has sparked a race for cryptocurrency-based financial products on Wall Street.
On November 28, Bitwise filed an application for an ETF based on its Crypto Index 10.
🫤 On the other hand, industry firms are anticipating that Ether (ETH) funds will include regulated staking features in 2025, marking a significant advancement for the market.
#ETFsApproval #Solana #Solana🚀 #SolanaMemeCoins #Trump