Solana

The U.S. Securities and Exchange Commission (SEC) has reportedly decided to reject spot Solana (SOL) ETF applications. Fox Business journalist Eleanor Terrett confirmed that at least two of the five applicants have been notified. The SEC’s decision highlights its reluctance to approve new cryptocurrency ETFs under the current administration.Industry experts believe this rejection is part of the SEC&#39;s broader resistance to crypto investment products. Terrett stated that the consensus among insiders is that no new crypto ETFs will be approved soon. This echoes previous concerns raised by market participants about the SEC’s stance on digital asset funds.The Solana price at press time hovers around <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">$240</a>. However, uncertainty about the ETF decision raises concerns over its ability to rally to $300. Market analysts warn that the SEC&#39;s rejection could dampen investor sentiment and impact Solana&#39;s short-term price trajectory.ETF Store President <a href="https://twitter.com/NateGeraci/status/1864875934580355247?t&#61;EtXHyoSZt8fB8SLMNib0pA&amp;s&#61;19" rel="noopener noreferrer nofollow">Nate Geraci</a> described the <a href="https://cryptotale.org/paul-atkins-to-lead-sec-a-new-era-for-crypto-regulation/" rel="noopener noreferrer nofollow">SEC&#39;s</a> current phase as a &#34;lame duck&#34; period. He stated that no progress on crypto ETF filings is expected until new leadership is in place. Paul Atkins, who will take over as SEC chair in January, is seen as potentially more favorable toward crypto.<a href="https://cryptotale.org/whales-buy-over-1-billion-doge-amid-price-fluctuations/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

SEC To Reject Solana Spot ETFs, Stalls Crypto Fund Approvals

CryptoTale

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