Highly Anticipated Spot Solana ETFs Will Be Approved in 2025

The post Highly Anticipated Spot Solana ETFs Will Be Approved in 2025 appeared on BitcoinEthereumNews.com. Key Points: Major asset managers, including VanEck, Bitwise, and 21Shares, have filed applications for spot Solana ETFs. Industry experts predict spot Solana ETFs may gain approval by late 2025, buoyed by a crypto-friendly administration. Solana is gaining attention as a potential front-runner in the crypto exchange-traded fund (ETF) race, with major institutions and asset managers vying for approval. Read more: Second Spot Solana ETF Approved in Brazil Institutional Interest Causes Avalanche in Spot Solana ETF Filings Earlier, Bitwise Asset Management filed a trust for a spot Solana ETF in Delaware on November 21, marking another key development in the space. Industry leaders had previously expressed optimism regarding the likelihood of approval for spot Solana ETFs, reported The Block. According to ETF Store President Nate Geraci: “I believe it’s highly likely that Solana ETFs will be approved by the end of next year at the latest.” Among the proposals were four Solana ETF applications from VanEck, 21Shares, Bitwise Asset Management, and Canary Capital filed with equity exchange Cboe BZX on Thursday. This comes at a time when the U.S. Securities and Exchange Commission has actively started reviewing the S-1 applications, showing signs of development in regulatory territory. Spot Solana ETFs Could Broaden Crypto Investment Opportunities While encouraging signs have been given for the spot Solana ETF, it is not without its issues. In August, the commission urged the Solana ETF proposals to be withdrawn for being sceptical of the classification of Solana as a security and not a futures-based ETF. However, analysts said the re-election of the more crypto-friendly President Donald Trump may lead to regulatory changes that result in faster ETF approvals. Approving Solana ETFs may result in relatively smaller inflows as compared to the Bitcoin and Ether ETFs. The SEC may make the final decision by August 2025, according…

Nov 24, 2024 - 06:00
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Highly Anticipated Spot Solana ETFs Will Be Approved in 2025

The post Highly Anticipated Spot Solana ETFs Will Be Approved in 2025 appeared on BitcoinEthereumNews.com.

Key Points: Major asset managers, including VanEck, Bitwise, and 21Shares, have filed applications for spot Solana ETFs. Industry experts predict spot Solana ETFs may gain approval by late 2025, buoyed by a crypto-friendly administration. Solana is gaining attention as a potential front-runner in the crypto exchange-traded fund (ETF) race, with major institutions and asset managers vying for approval. Read more: Second Spot Solana ETF Approved in Brazil Institutional Interest Causes Avalanche in Spot Solana ETF Filings Earlier, Bitwise Asset Management filed a trust for a spot Solana ETF in Delaware on November 21, marking another key development in the space. Industry leaders had previously expressed optimism regarding the likelihood of approval for spot Solana ETFs, reported The Block. According to ETF Store President Nate Geraci: “I believe it’s highly likely that Solana ETFs will be approved by the end of next year at the latest.” Among the proposals were four Solana ETF applications from VanEck, 21Shares, Bitwise Asset Management, and Canary Capital filed with equity exchange Cboe BZX on Thursday. This comes at a time when the U.S. Securities and Exchange Commission has actively started reviewing the S-1 applications, showing signs of development in regulatory territory. Spot Solana ETFs Could Broaden Crypto Investment Opportunities While encouraging signs have been given for the spot Solana ETF, it is not without its issues. In August, the commission urged the Solana ETF proposals to be withdrawn for being sceptical of the classification of Solana as a security and not a futures-based ETF. However, analysts said the re-election of the more crypto-friendly President Donald Trump may lead to regulatory changes that result in faster ETF approvals. Approving Solana ETFs may result in relatively smaller inflows as compared to the Bitcoin and Ether ETFs. The SEC may make the final decision by August 2025, according…

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