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SEC Begins Reviewing Solana Spot ETF, Expected to Be Approved in 2025
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According to longer news, the U.S. Securities and Exchange Commission (SEC) has started reviewing the listing application of Solana (SOL) spot ETF. Eleanor Terret of Fox News reported that the SEC has started discussions with the filing company on S-1.
Shortly after the SEC approved the Ethereum Spot ETF, VanEck filed the first application for a Solana ETF on June 27. Subsequently, 21Shares and Canary Capital submitted applications on October 30. On Wednesday, Bitwise completed the trust registration for the Solana ETF in Delaware and plans to submit the formal S-1.
According to Telet, the application company's optimism for Solana ETF approval in 2025 is increasing based on recent conversations with SEC officials and the incoming government's positive stance on cryptocurrency. Canary Capital also pointed out that 'from daily trading, active addresses, and new addresses, Solana's powerful Decentralized Finance ecosystem has demonstrated sustained high on-chain analytical capabilities.'
The SEC approved 11 BTCSpot ETF trades in January and 8 ETHereum ETF trades in July. The Solana ETF may become the third approved major Crypto Assets physical ETF. In addition to Solana, XRP and Litecoin ETFs are also in the application process.#15天发帖打卡挑战