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ICYMI, Sol Methods introduced that it was investing CAD $25 million ($17.4 million) within the Solana ecosystem earlier this week.
CEO Leah Wald instructed me forward of the brand new 12 months that Sol Methods was centered on build up the “subsequent degree” of its enterprise technique.
Clearly, given Sol’s focus, the agency is gonna be bullish on the ecosystem, however Wald famous how pleasantly shocked she was on the quantity of developer exercise and general enthusiasm for Solana proper now.
She is skeptical, nonetheless, a couple of solana ETF being accepted within the US “anytime quickly.”
“I believe there’s fairly some time till a SOL ETF will get accepted. Throughout that point, as a former issuer, I do know that you’ve a very long time the place you’re working with the workers and also you’re engaged on training. That offers [potential issuers] a 12 months…to coach the workers and be sure that everyone’s in control on what you realize SOL really is, and the deserves and advantages, and supply…that further timeline for maturity,” she defined.
However she does suppose that Canada is more likely to approve a SOL ETF from 3iQ earlier than we see a slew of US merchandise as a result of the Canadian issuer is “at all times forward of the US.”
Out of curiosity, and given Wald’s expertise, I pushed her on why she thinks a doubtlessly crypto-friendly regulator wouldn’t look to get an ETF that holds SOL out the door. She instructed me a part of her reasoning was precisely due to the altering management on the SEC.
If the brand new SEC chair “got here in and mentioned, ‘okay, all crypto ETFs are accepted in a single day,’ I believe that that’s harmful, really,” she defined. It will be higher to see a regulator who’s prepared to place within the work to know the variations between one thing like Solana and Ripple and communicate to potential issuers prior to only greenlighting ETFs.
I suppose we’ll must make do with the crypto ETFs we’ve at residence.
