The President of The ETF Store: Solana ETF is expected to be approved by the end of next year at the latest
The President of The ETF Store, Nate Geraci, said: "I believe there is a high possibility that the Solana ETF will be approved by the end of next year at the latest. The SEC may currently be in contact with issuers about this product, which is obviously a positive signal."
Given that industry leaders such as Bitwise have already submitted applications one after another, Alexander Blume, CEO of Two Prime Digital Assets also agrees with this view. "If they didn't have a good feeling about success, they wouldn't waste time and money doing it," Blume said. The success and precedent set by spot Bitcoin and Ethereum ETFs combined with a more crypto-friendly management and regulatory environment will lead to the launch of SOL ETF within next year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Rising fuel costs drive up brewing costs in Asia, Heineken (HEINY.US) says it is passing 70%-80% of the cost pressure on to consumers.
Jacco van der Linden, President for Asia Pacific at HEINEKEN (HEINY.US), stated that rising fuel costs triggered by the conflict in Iran are increasing the company's brewing input costs in Asia.
Starlink, lunar landing, and space computing power all rely on it! SpaceX (SPCX.US) Starship's 14th launch targets its first orbital flight and deployment of next-generation satellites
SpaceX plans to launch its giant Starship rocket early Monday local time, aiming to send the spacecraft into orbit for the first time.
BCG warns that financial pressure on European companies is intensifying! The room to absorb shocks is narrowing, and the pressure to transform is increasing simultaneously.
According to Boston Consulting Group (BCG), as leverage increases, making companies more vulnerable to shocks, one out of every six companies in Western Europe is currently facing financial pressure.
Japanese Yen nudges lower despite a hawkish BoJ, intervention warnings
Crypto prices
More
