*🛑💥✋️SEC's Concerns Over Solana ETF* 🚨
- The U.S. Securities and Exchange Commission (SEC) has discussed concerns with ETF issuers that Solana (SOL) could be classified as a security 🔒
- This classification would impact the approval process for a Solana ETF (Exchange-Traded Fund) 📊
*No SOL ETF Approval* 🚫
- The SEC and Cboe decided not to file Form 19b-4, avoiding the start of the SOL ETF approval process 📝
- VanEck's registration statement for the Solana ETF is still available on the SEC's search engine, while 21Shares' has been withdrawn or disappeared 🔍
*Expert Insights* 💡
- ETF Store CEO Nate Geraci believes it's virtually impossible for a Solana ETF to be approved under the current administration 🚫
- The future of a Solana ETF remains uncertain, with regulatory hurdles and concerns over security classification 🤔
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