Key information:
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The worth of solana has not been notably affected by this improvement, for now.
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There have been no official communications from the ETF applicant corporations or the SEC.
The U.S. Securities and Alternate Fee (SEC) has reportedly rejected 19b-4 purposes filed by inventory alternate Cboe BZX on behalf of two potential solana (SOL)-based ETF issuers.
This resolution —in accordance with data that confidential sources would have revealed to The Block portal— is predicated on the SEC’s opinion that Solana must be thought of as a safety.
The 19b-4 purposes, that are filed by the exchanges on behalf of issuers 21Shares and VanEck, haven’t superior to the Federal Register, which means they haven’t began the method of being accredited or denied by the SEC.
The worth of the SOL cryptocurrency, nonetheless, has not had any particular actions because of these developments that have been introduced yesterday afternoon.
The market is probably going awaiting some official assertion from 21Shares or VanEck that would supply extra certainty concerning the standing of their purposes. Nevertheless, 21Shares communications director Audrey Belloff informed the aforementioned information web site:
“We can’t touch upon the regulatory course of presently. We stay dedicated to increasing investor entry to cryptocurrencies within the U.S. market and around the globe.”
Audrey Belloff, Director of Communications at 21Shares.
As CriptoNoticias has reported, many analysts contemplate that SOL could possibly be the following cryptocurrency to have its ETF within the US market.
For the funding agency Galaxy Digital, “it is rather doubtless that Solana ETFs will probably be rejected.”
