Future

Solana

<ul class="news-points">
 <li><strong>SEC confirms rejection of all spot Solana ETF applications under current rules. </strong></li>
 <li><strong>SEC’s stance on Solana ETFs highlights challenges for altcoin products. </strong></li>
 <li><strong>SEC prioritizes futures-based ETFs, rejecting Solana spot ETF proposals. </strong></li>
</ul>
<p>Hopes for a Solana ETF were dashed after the U.S. Securities and Exchange Commission (SEC) announced plans to reject several spot applications. FOX reporter Eleanor Terrett confirmed the news, stating that the regulator will not approve any new crypto ETFs under the current administration.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">SCOOP: I’ve confirmed that the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SECGov</a> has notified at least two of the five prospective issuers that it will reject their 19b4 filings for the <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> spot ETFs. <br><br>The consensus here, I’m told, is that the SEC won’t entertain any new <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> ETFs under the current administration.</p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1864874666445152672?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 6, 2024</a>
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<p>Sources say the securities regulator informed at least two of the five issuers seeking approval for SOL-based ETFs about the impending rejection. This move highlights the SEC’s reluctance to consider new crypto ETF proposals, potentially hindering innovation and market growth in the sector.</p>
<p>Following the reve…</p>
<p>The post <a href="https://coinedition.com/sec-rejects-spot-solana-etf/" rel="noopener noreferrer nofollow">SEC Cracks Down on Solana ETFs: What It Means for Crypto’s Future</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

SEC Cracks Down on Solana ETFs: What It Means for Crypto’s Future

Coin Edition

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