Is Solana ETF Approval Coming?
This initiative is the second in this area with 21Shares, thus following VanEck. This new intervention could intensify discussions around the Solana ETF in the future, although it remains to be seen what the “big boys” will do.
Obviously, the SEC’s approval of Form S-1 is critical because it authorizes ETF issuers to list and market the Solana ETF. With this new approach, 21Shares reaffirms its interest in the crypto sector.
To go further: here is everything you need to know about crypto ETFs.
Approval is expected in 2025
However, despite a favorable reception from the community, including comments from Bloomberg analyst Eric Balchunas, it is too early to set an exact timetable for approval. At the moment, the first mentioned dates reflect the year 2025. Although there could be a renewal at the head of the SEC.
Indeed, the probability that the Solana ETF will be validated in the next twelve months is closely related to the probability of a change of president in the United States. It is reasonable to think that the probabilities of both are higher today than yesterday… However, it is still too early for an exact date,” Balchunas said in the report.
This wave of deposits appears to be part of the dynamic of strong interest in cryptocurrencies. In fact, as fund managers seek SEC approval for various crypto ETFs. Additionally, there are many potential tokens that could take over from Solano, including XRP, ADA, or BNB.
More than Ethereum, approval for Solana would be critical and expand investment opportunities for these institutional players.
For more information: here are the best platforms to buy Solana.
With more applications and a friendlier SEC, more big names could potentially follow in the future. The positions of BlackRock and Fidelity will of course be closely scrutinized.
Moral of the story: ETFs ready to compound and collect.
Disclaimer
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