Fox Reporter: Several Institutions are Advancing the Approval of the Solana Spot ETF

According to Fox reporter Eleanor Terrett, several institutions are advancing the approval of the Solana spot ETF. The U.S. SEC has begun processing related S-1 applications and may receive the 19b4 forms submitted by exchanges in the coming days, marking a critical advancement in the approval process. Currently, VanEck, 21Shares, and Canary Funds have submitted applications, and Bitwise also plans to follow suit. Although the submission of the 19b4 form does not guarantee approval, the recent positive communication from the SEC and the incoming government that supports the crypto industry have raised market expectations for the Solana ETF to be approved by 2025. In response to the news, SOL briefly broke a new high, currently quoted at 250.74, with a 24h increase of 5.12%.