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_SEC Raises Concerns Over Solana's Security Status, SOL ETF Approval Unlikely_
The U.S. Securities and Exchange Commission (SEC) has expressed concerns that Solana (SOL) may be classified as a security, casting doubt on the approval of a Solana Exchange-Traded Fund (ETF).
Key Developments:
1. SEC discussions with ETF issuers: The SEC shared concerns with ETF issuers, including VanEck and 21Shares, regarding Solana's potential security status.
2. No Form 19b-4 filing: The SEC and Cboe decided not to file the necessary Form 19b-4, effectively halting the SOL ETF approval process.
3. VanEck's registration statement remains: VanEck's registration statement for the Solana ETF is still available on the SEC's search engine.
4. 21Shares' registration statement withdrawn: 21Shares' registration statement has disappeared or been withdrawn.
Expert Insights:
Nate Geraci, ETF Store CEO, believes it is "virtually impossible" for a Solana ETF to be approved under the current administration, citing the SEC's stringent stance on crypto regulations.
Implications:
The SEC's concerns and subsequent actions indicate a challenging environment for crypto ETF approvals, particularly for assets like Solana, which may be deemed securities.
Conclusion:
The Solana ETF approval process has stalled due to the SEC's concerns over Solana's potential security status. As the regulatory landscape continues to evolve, crypto investors and ETF issuers face uncertainty.
#Solana rouval #SECCryptoRegulation #cryptoETF #TelegramCEO
Key Developments:
1. SEC discussions with ETF issuers: The SEC shared concerns with ETF issuers, including VanEck and 21Shares, regarding Solana's potential security status.
2. No Form 19b-4 filing: The SEC and Cboe decided not to file the necessary Form 19b-4, effectively halting the SOL ETF approval process.
3. VanEck's registration statement remains: VanEck's registration statement for the Solana ETF is still available on the SEC's search engine.
4. 21Shares' registration statement withdrawn: 21Shares' registration statement has disappeared or been withdrawn.
Expert Insights:
Nate Geraci, ETF Store CEO, believes it is "virtually impossible" for a Solana ETF to be approved under the current administration, citing the SEC's stringent stance on crypto regulations.
Implications:
The SEC's concerns and subsequent actions indicate a challenging environment for crypto ETF approvals, particularly for assets like Solana, which may be deemed securities.
Conclusion:
The Solana ETF approval process has stalled due to the SEC's concerns over Solana's potential security status. As the regulatory landscape continues to evolve, crypto investors and ETF issuers face uncertainty.
#Solana rouval #SECCryptoRegulation #cryptoETF #TelegramCEO
XRP Price Prediction Heats Up: $10 Target Floated, Backed by Potential ETF Launch đđ
đ XRP on the Rise?
The price of XRP, Ripple's native token, is a hot topic once again. Bitcoin investor TheWignus, with a large following on social media, has predicted a surge to $10, fueled by the potential launch of an XRP exchange-traded fund (ETF) in 2025. #XrpđĽđĽ
đŁď¸ Ripple CEO Hints at 2025 XRP ETF Launch
TheWignus' prediction stems from comments made by Ripple CEO Brad Garlinghouse. In a recent interview, Garlinghouse expressed his belief that a spot ETF for XRP could be available by 2025. He highlighted the value of offering more diversified investment options in the crypto market, going beyond Bitcoin and Ethereum ETFs. #cryptoETF
đĽ Community Excitement and Historical Parallels
Garlinghouse's optimistic outlook has ignited excitement within the XRP community. TheWignus' price target is based on the assumption that an XRP ETF would significantly boost demand, similar to how Bitcoin's price surged after the introduction of Bitcoin spot ETFs in the US. #CryptoCommunity #xrparmy
đ Reaching $10 Requires a Massive Jump
However, it's important to note that XRP currently trades around $0.499, meaning it would need a staggering 1,904% increase to reach $10.
đŹ Other Analysts Share Bullish Sentiment
While TheWignus links his prediction to the ETF, other analysts have also expressed confidence in XRP's potential to hit $10 during this bull run. Some, like day trader Emily, believe XRP will inevitably reach $10 if Bitcoin climbs to $100,000. Others, like Nick from Web3Alert, point to historical patterns and argue that a significant price increase for XRP is on the horizon.
đ¤ Not Everyone is Convinced
Despite the bullish sentiment, some remain skeptical. XRP's underperformance in the current market cycle, with its price stuck below $1, has led many to dismiss these predictions as overly optimistic.
### â ď¸ Disclaimer
This article is for informational purposes only and should not be considered financial advice.
$XRP
đ XRP on the Rise?
The price of XRP, Ripple's native token, is a hot topic once again. Bitcoin investor TheWignus, with a large following on social media, has predicted a surge to $10, fueled by the potential launch of an XRP exchange-traded fund (ETF) in 2025. #XrpđĽđĽ
đŁď¸ Ripple CEO Hints at 2025 XRP ETF Launch
TheWignus' prediction stems from comments made by Ripple CEO Brad Garlinghouse. In a recent interview, Garlinghouse expressed his belief that a spot ETF for XRP could be available by 2025. He highlighted the value of offering more diversified investment options in the crypto market, going beyond Bitcoin and Ethereum ETFs. #cryptoETF
đĽ Community Excitement and Historical Parallels
Garlinghouse's optimistic outlook has ignited excitement within the XRP community. TheWignus' price target is based on the assumption that an XRP ETF would significantly boost demand, similar to how Bitcoin's price surged after the introduction of Bitcoin spot ETFs in the US. #CryptoCommunity #xrparmy
đ Reaching $10 Requires a Massive Jump
However, it's important to note that XRP currently trades around $0.499, meaning it would need a staggering 1,904% increase to reach $10.
đŹ Other Analysts Share Bullish Sentiment
While TheWignus links his prediction to the ETF, other analysts have also expressed confidence in XRP's potential to hit $10 during this bull run. Some, like day trader Emily, believe XRP will inevitably reach $10 if Bitcoin climbs to $100,000. Others, like Nick from Web3Alert, point to historical patterns and argue that a significant price increase for XRP is on the horizon.
đ¤ Not Everyone is Convinced
Despite the bullish sentiment, some remain skeptical. XRP's underperformance in the current market cycle, with its price stuck below $1, has led many to dismiss these predictions as overly optimistic.
### â ď¸ Disclaimer
This article is for informational purposes only and should not be considered financial advice.
$XRP
