Solana ETF Era Is Imminent, Says Bloomberg — Front-Run It With Solaxy, Launching In Just Days

The Solana ETF (exchange-traded fund) era may get underway as early as next month as a key US Securities and Exchange Commission (SEC) deadline nears, according to Bloomberg.

“Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way,” said senior Bloomberg ETF analyst Eric Balchunas in a June 10 post on X.

Solana ETFs Could Be Approved Within Three Weeks

The SEC has told Solana ETF issuers to file amended S-1 forms within a week, BlockWorks reported, citing sources familiar with the matter. One of the sources said a decision could be made within the next three to five weeks.

BlockWorks said the SEC informed the issuers that it intends to respond within 30 days of the filings. The SEC also directed applicants to clarify procedures for in-kind redemptions as well as describe how the funds might participate in Solana staking.

According to two of the sources, regulators seem to be open to the idea of allowing limited staking inside the Solana ETF structure.

Solaxy: Poised To Power Solana’s Next Boom As SOL ETFs Near Approval

With the Solana ETF era about to dawn, the Solaxy (SOLX) presale offers investors a huge opportunity to get in early on Solana’s next wave of potentially explosive growth.

Spot Bitcoin ETFs sparked a wave of institutional inflows that sent BTC to new all-time highs. Solana ETFs could trigger a similar flood of capital, turbocharging SOL and the projects powering its ecosystem.

Solaxy, which has already raised more than $47 million in presale, is building the first-ever layer-2 scaling solution for Solana.

Launching in a little more than five days, the Solaxy Layer 2 will tackle Solana’s congestion issues and enable it to cope with the network’s next boom, making it a must-watch for anyone looking to invest ahead of the curve.

The solution will operate similar to how Arbitrum and Optimism function within the Ethereum ecosystem, and will process and bundle SOL transactions off of the mainnet before submitting them to the layer-1 backend for final validation. 

That will boost the efficiency of the Solana network, enabling it facilitate the impending activity boom when Solana ETFs are approved. 

Solaxy Devs Steam Ahead

Solaxy’s team has already deployed several products even while the project’s native SOLX token is still in presale. 

So far, the team have launched a testnet, the testnet’s explorer, the Solaxy bridge on the testnet, and a native token launchpad. 

These products pave the way for Solaxy’s team to launch their mainnet and achieve the goal of 10,000 transactions per second.

The SOLX token will serve as a transaction medium on the lightning-fast Solaxy chain, and also as a bridging mechanism between Solana and Ethereum, two of the most prominent chains in the Web3 space.

99Bitcoins, an influential YouTube channel with over 723K subscribers, has predicted SOLX will surge 100X when it officially launches in less than a week.

Whale investors are also snapping up SOLX tokens as they position early to front-run what they expect to be a new, turbocharged phase of Solana ecosystem growth.

With just five days left in the Solaxy presale, SOLX is positioned to be the ultimate high-upside play for those looking to ride the Solana ETF wave before it goes mainstream.

Buy now to lock in presale prices before Solaxy goes live.

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