Solana ETF Race Heats Up: SEC Nears Greenlight as Wall Street Firms Revise Filings

Wall Street's crypto gold rush just got hotter—Solana ETF filings are getting polished, and the SEC's rubber stamp looks closer than ever.

Why it matters: The first SOL-based ETF could crack open institutional floodgates for the 'Ethereum killer,' assuming regulators don't pivot to their favorite sport—moving goalposts.

Behind the scenes: Asset managers are tweaking applications like nervous students before finals. No surprises here—everyone's racing to avoid being the next Grayscale (remember that $1.3B lawsuit?).

The cynical take: Nothing gets Wall Street's engine humming like repackaging volatile tech as 'innovative investment products.' At least this time they're not selling tulips.

U.S. Dollar Comes Onchain as GENIUS Act Ushers in Digital Era

The regulatory review process remains ongoing, but the updates suggest that a potential green light for the first spot Solana ETFs may be drawing closer.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.

SHARE: 0 SHARES