Ethereum

Solana

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/will-solana-etf-approval-happen-soon" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Solana ETF Approval Happen Soon?</a><br></p>
<p style="text-align: justify">The price of <a href="https://en.bitcoinhaber.net/bitcoin-and-altcoins-rally-on-etf-hopes-solana-and-xrp-in-focus" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a>‘s (SOL) coin has recently exceeded $250, pushing its peak for 2024 even higher. This increase is linked to rumors from two sources familiar with the situation, suggesting a potential growth phase for the altcoin market, especially for SOL and Ethereum (ETH). In contrast, <a href="https://en.bitcoinhaber.net/bitcoin-mining-and-its-environmental-impact-under-scrutiny" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoin-achieves-new-heights-this-week" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) remains within a narrow price range of $96,500 to $97,000.</p>
<h2 style="text-align: justify" id="how-are-etf-applications-progressing">How are ETF Applications Progressing?</h2>
<p style="text-align: justify">Recently, Fox Business reporter Eleanor Terrett shared news that has generated excitement among SOL supporters. Anticipation surrounding the approval of pending Exchange-Traded Fund (ETF) applications has been heightened, especially in light of Gary Gensler’s resignation. Insiders report that the current administration is actively working to expedite the process.</p>
<h2 style="text-align: justify" id="what-are-the-next-steps-for-sol-etf">What are the Next Steps for SOL ETF?</h2>
<p style="text-align: justify">According to Terrett, the advancement of S-1 forms for a SOL Spot ETF indicates that significant progress is being made. Sources have hinted at forthcoming 19b4 applications, which are crucial for advancing the ETF approval process with exchanges. Currently, several firms, including VanEck and 21Shares, have initiated their ETF applications, and Bitwise has plans to do the same.</p>
<ul>
 <li>Recent boosts in SOL prices signal positive market sentiment.</li>
 <li>Insider information suggests a potential ETF approval timeline by 2025.</li>
 <li>Pending applications are gaining traction under a more crypto-friendly regulatory environment.</li>
</ul>
<p style="text-align: justify">As developments unfold, stakeholders are optimistic about the future of SOL, with hopes for a favorable response from the SEC regarding ETF applications. The collaboration of crypto-friendly regulations and ongoing applications could provide a significant boost to Solana’s market status in the near term.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/will-solana-etf-approval-happen-soon" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Solana ETF Approval Happen Soon?</a></h5>

Will Solana ETF Approval Happen Soon?

Table of Contents

BH NEWS

Other articles published on Nov 21, 2024

$47B in BTC may flow into Bitcoin L2s by 2030 — Galaxy Research

Bitcoin broke $97k with 83% odds of reaching $100k this month

XRP 4 Days of Sleep: What's Next? Dogecoin (DOGE) Hints at Double Top Pattern Formation, Pepe (PE...

FTX Sues Binance and CEO Changpeng Zhao for $1.8B Over Alleged Fraud

SHIB Whale Worth $2.5 Billion Unveiled: Is It Ryoshi’s Wallet?

Mara Holdings Raises $1 Billion to Acquire Bitcoin and Address Debt Obligations

Join our free newsletter for daily crypto updates!