Canary

Solana

<p>The discussions between the SEC and Solana ETF issuers are progressing rapidly, rekindling hopes for an upcoming approval! With imminent filings and a pro-crypto administration, the arrival of a Solana ETF could transform the crypto market and mark a decisive turning point for the ecosystem.</p>
<h2 id="h-progress-on-solana-etf-applications">Progress on Solana ETF Applications</h2>
<p>Currently, VanEck, 21Shares, and Canary Funds have all <a href="https://www.cointribune.com/en/crypto-21share-takes-on-solana-etf-too/" target="_blank" rel="noopener noreferrer nofollow">filed S-1 forms</a> for a Solana ETF, while Bitwise Invest announced its intention to file an S-1 yesterday. The 19b-4 forms would be filed by exchanges like CBOE on behalf of issuers, asking the SEC to allow them to list potential ETFs. Once the SEC acknowledges receipt of the filing, a 240-day period opens for approval or rejection of crypto products.</p>
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<p>However, <a href="https://x.com/eleanorterrett/status/1859611713579999366?s=46&amp;t=zj7ICl0Lw9vdTKh741lFIQ" target="_blank" rel="noopener noreferrer nofollow">the filing of the 19b-4 forms</a> does not guarantee approval by the SEC. Indeed, previous filings by VanEck and 21Shares were removed from CBOE’s site in August. Some participants in the crypto industry speculate that the agency under Gary Gensler’s leadership was not inclined to approve such listings.</p>
<p>Nevertheless, issuers have indicated that the recent commitment of staff, coupled with the arrival of a pro-crypto administration, is generating new optimism regarding the approval of a <a href="https://www.cointribune.com/en/the-solana-etf-is-coming-launch-date-set-for-march-2025/" target="_blank" rel="noopener noreferrer nofollow">Solana ETF by 2025, with a launch date set for March</a>. This development could mark a significant turning point for Solana and the crypto market in general.</p>
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<h2 id="h-implications-for-the-crypto-market">Implications for the Crypto Market</h2>
<p>The approval of a spot ETF on Solana could have major implications for the crypto market. Such a product would offer investors a new way to access Solana, potentially increasing demand and liquidity for the cryptocurrency <a href="https://www.cointribune.com/en/crypto-markets/solana-sol-en/" target="_blank" rel="noopener noreferrer nofollow">SOL</a>. Moreover, it could enhance the credibility of Solana as a financial asset, attracting more institutional investors.</p>
<p>The ongoing discussions between <a href="https://www.cointribune.com/quest-ce-que-la-sec/" target="_blank" rel="noopener noreferrer nofollow">the SEC</a> and Solana ETF issuers are a promising development for the crypto market. With the SEC staff’s increased commitment and the arrival of a cryptocurrency-friendly administration, there is growing hope that the approval of a Solana ETF could become a reality in 2025. The coming months will therefore be crucial to follow the evolution of this situation and its potential impacts on the market.</p>

Crypto: The SEC Is Close To Approving A Solana ETF!

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