ETH is too expensive

According to DLNews, the U.S. Securities and Exchange Commission (SEC) may reject multiple Solana spot exchange-traded fund (ETF) applications. At least two applicants have been notified of the rejection.According to Fox Business reporter Eleanor Terrett, the SEC is unlikely to approve new crypto ETFs under the Biden administration. Bloomberg analyst Eric Balchunas called it a "farewell gift" from Gensler.Analyst James Seyffart said the SEC’s Division of Trading and Markets is unlikely to approve the Solana ETF because the agency considers Solana a security. Several companies have applied to launch a Solana ETF.