Solana ETF Approval Faces Challenges
Current SEC Leadership a Barrier
According to Bloomberg Intelligence analyst Eric Balchunas, with the current leadership on the SEC, it's miles implausible to witness a Solana ETF getting an approval.
No Futures-Based Solana ETFs within the US
Unlike different cryptocurrencies, there are not any futures-primarily based Solana ETFs within the US—making a spot Solana ETF extremely unlikely to be approved.
Hope for Change
However, the exchange inside the leadership on the SEC and the United States presidential elections will be a better build-up for the atmosphere to emerge as covered up for approval.
VanEck Submits Application
VanEck has these days submitted an application for the VanEck Solana Trust on the way to be placed to advantage from any potential future modifications inside the regulatory environment.
Solana To The Moon 🌚
According these fundamental news we can predict that Solana will pump like never before
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