SOL ETF

Solana

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/new-applications-for-solana-etfs-seek-sec-approval/" data-wpel-link="internal">New Applications for Solana ETFs Seek SEC Approval</a><br></p>
<p style="text-align: justify">As of the time this article was prepared, the price of Bitcoin is struggling to reclaim the $73,000 mark and is currently at $72,804. Recent third-quarter data revealed MicroStrategy’s aggressive approach to acquiring Bitcoin. What is the latest situation regarding <a href="https://en.coin-turk.com/zeta-markets-prepares-for-token-launch-and-airdrop-in-solana-ecosystem/" data-wpel-link="internal">SOL</a> Coin?</p> 
<h2 style="text-align: justify" id="sol-etf-application-status">SOL ETF Application Status</h2> 
<p style="text-align: justify">Two applications for Solana (SOL) had been submitted in previous months but were halted due to the <a href="https://en.coin-turk.com/donald-trumps-children-support-cryptocurrency/" data-wpel-link="internal">SEC</a>‘s stance. However, as this article was being written, a new application was submitted by Canary Capital Group. What motivates this new S-1 Form submission to the SEC, especially when Gensler has openly stated that most altcoins are securities?</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-402180 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/canary-sol-etf.png" alt="" width="1882" height="898"></p> 
<p style="text-align: justify">Following the U.S. elections on November 5, Trump announced he would remove the current SEC chairman. He plans to appoint a crypto-friendly leader, which could lead to the SEC adopting a less negative stance on cryptocurrencies. If this occurs, there is a possibility for SOL Coin approval, especially given that Gensler has approved an ETF for ETH.</p> 
<h2 style="text-align: justify" id="potential-outcomes-with-harris-victory">Potential Outcomes with Harris’ Victory</h2> 
<p style="text-align: justify">What if Kamala Harris wins? Harris has committed to accelerating regulatory steps and supporting innovation in the <a href="https://en.coin-turk.com/us-debt-ceiling-dilemma-a-tipping-point-for-financial-markets-and-cryptocurrencies/" data-wpel-link="internal">crypto</a> domain. While her approach may not be as favorable as Trump’s, her election wouldn’t be disastrous. However, it’s important to be cautious about assuming a complete shift in the Biden administration’s stance under Harris. One potential advantage for Harris regarding the SOL ETF is the common practice of new presidents appointing new SEC chairpersons. Thus, even if Harris is elected, Gensler may leave his position for a new opportunity.</p> 
<p>The post <a href="https://en.coin-turk.com/new-applications-for-solana-etfs-seek-sec-approval/" data-wpel-link="internal">New Applications for Solana ETFs Seek SEC Approval</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

New Applications for Solana ETFs Seek SEC Approval

Table of Contents

COINTURK NEWS

Other articles published on Oct 30, 2024

Coinbase Releases Highly Anticipated Earnings Report – Here Are The Details

Is it Too Late to Buy Shiba Inu? SHIB Jumps 6% as Meme Coins Rally But Flockerz Can Pump Higher

$499 billion in crypto received by Eastern Europe, CEX dominates with $324B: Chainalysis

Dogecoin (DOGE) Bull Rally May End Soon, Here's Why

GraFun Partners with Floki and DWF Labs to Support Emerging Memecoins

Alameda Dumps 143K WLD on Binance: Worldcoin Crash Imminent?

Join our free newsletter for daily crypto updates!