SEC Throws Cold Water on Ethereum and Solana ETF Dreams—Regulators Cite ’Compliance Gaps’
Wall Street’s crypto-curious got a reality check today as the SEC flagged serious concerns about proposed ETFs for Ethereum and Solana. The regulatory hammer came down hard—turns out ’decentralized’ doesn’t mean ’lawless’ after all.
Behind the scenes: Insiders whisper the applications lacked robust surveillance mechanisms, leaving the door open for market manipulation. Never mind that institutional investors were already drafting their ’To the Moon!’ press releases.
The irony? This roadblock hits just as TradFi firms were finally warming to crypto—proving once again that regulators move at blockchain speed (which is to say, glacially). Maybe next time, ETF issuers will remember compliance isn’t just a check-the-box exercise—it’s what separates the grown-ups from the crypto cowboys.
