The Chicago Board of Trade’s BZX exchange has submitted applications for four Solana ETFs, and with the end of the US election, there is a possibility of major regulatory changes in the cryptocurrency ETF environment. Analysts expect the SEC to shift back to a “disclosure-based” regulatory model, which could lead to the approval of Solana ETF.
If this happens, it could boost demand in the crypto ETF market. Solana is currently the fourth largest cryptocurrency by market capitalization and has a strong growth potential. However, it faces challenges such as lack of a mature futures market and possible legal obstacles due to being classified as a security.
Despite these challenges, Solana’s ETF application process is moving forward, and its approval could stimulate the crypto market.
Source
<p>The post Solana ETF Approval: Regulatory Changes and Challenges first appeared on CoinBuzzFeed.</p>
