$SOL

3 July 2024

💲 SOL/USD is trading at $143.30.

📰 Solana is powered by an application from VanEck and 21Shares to launch a new Solana-based spot ETF. A number of experts believe that authorization of the new device by the US Securities and Exchange Commission (SEC) will take time, as the status of the token has not yet been fully determined. At the same time, the launch of such a contract would be a de facto admission that Solana is not a security.

📈 Bloomberg analysts said VanEck and 21Shares management also expect changes in SEC administration after the US presidential election, and predict that the new SEC management will be more loyal to digital assets. In the future, the launch of Solana-ETH spot will expand the possibilities of institutional investment in cryptocurrency and may become an additional growth driver for the SOL/USD pair.

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