🚨 Solana ETF Update! The SEC recently held discussions with #ETF issuers, expressing concerns that Solana might be classified as a security.

Following these talks, the Cboe BZX exchange removed related 19b-4 filings, effectively pausing the approval process for Solana ETFs. While VanEck’s S-1 registration statement remains active, 21Shares has withdrawn its application, underscoring the regulatory uncertainty.

👉 Experts like Nate Geraci believe that under the current Biden administration, the chances of a #Solana ETF being approved are extremely low.

👉 Bloomberg’s James Seyffart suggests that approval might only become possible in 2025, depending on changes in administration and SEC leadership. The SEC's cautious stance continues to shape the future of crypto investments in the U.S., making this a critical area to watch.

⚡️ Learn more: https://t.co/HR5wESWS2D

#Solana #ETF #SEC #Regulation #Crypto #web3 #airdrops #pump #defi