There are whispers in the crypto corridors… Fox Business Reporter Eleanor Terrettknown for his scoops in the financial and crypto sectors, states that the discussion between DRY (Securities and Securities Commission) and the Spot Solana ETF are making progress. According to its sources, the SEC is getting serious about the applications S-1a critical step in the ETF approval process. We are taking inventory.
- The SEC has begun serious consideration of the S-1 filings for the Spot Solana ETF, marking a significant step in their potential approval.
- Several major players such as Bitwise, VanEck, 21Shares and Canary Funds have filed an S-1 to launch the Spot Solana ETF, but they still need to pass the crucial 19b4 step.
Who are the actors of the competition?
In detail, among the companies that want to run a Solana Spot ETFseveral well-known names in the financial industry have already signed up S-1 with the SEC, a necessary preliminary step to bringing these products to market.
Main candidates:
- By bit : The company recently announced its intention to file an S-1, confirming its interest in this new investment product.
- VanEck : A major exchange-traded fund (ETF) player known for its repeated efforts in crypto ETFs, including Solana.
- 21 shares : An innovative Swiss company specializing in cryptocurrency-related investment products, especially ETFs.
Could Solana ETF (SOL) Be Coming in 2025?
These issuers are not alone in the race. Once their S-1 files are submitted, they will need to take the next step: filing 19b4process where scholarships like CBOE (Chicago Board Options Exchange) or Nasdaq officially submit an application to the SEC for permission to list these ETFs.
While this is an encouraging development, filing 19b4s does not guarantee approval. In the past, similar filings have been denied or withdrawn because the SEC has proceeded cautiously under the guidance Gary Gensler. The 19b4 filing is a key step in the regulatory process for ETFs. This is a petition filed by an exchange with the SEC seeking official approval to offer an ETF on its market. This document specifies the technical and legal details of the product and is subject to a 240 day review period during which the SEC may approve, deny, or delay its decision.
However, the context seems to be changing. Recent efforts by issuers coupled with an apparent opening by the SEC and expectations of a The US administration will be more welcoming to cryptocurrencies in 2025revive hopes. THE PRICE of BTC surging towards $100,000 is throwing institutional investors into full-on FOMO.
Could the Spot Solana ETF see the light of day? Ongoing discussions indicate an opportunity, but there are still regulatory hurdles to overcome. If the SEC opens the door, it would be a significant step towards institutional recognition of Solana and serve the price of the SOL token, which is also soaring towards new highs as it nears its latest ATH.