{"id":624829,"date":"2025-02-07T13:28:36","date_gmt":"2025-02-07T13:28:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=624829"},"modified":"2025-02-07T13:28:36","modified_gmt":"2025-02-07T13:28:36","slug":"solana-etfs-edge-closer-to-approval-as-sec-acknowledges-grayscale-filing-is-this-layer-2-sol-project-set-to-soar","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-etfs-edge-closer-to-approval-as-sec-acknowledges-grayscale-filing-is-this-layer-2-sol-project-set-to-soar","title":{"rendered":"Solana ETFs Edge Closer To Approval As SEC Acknowledges Grayscale Filing – Is This Layer 2 SOL Project Set To Soar?"},"content":{"rendered":"
The US Securities and Exchange Commission (SEC) has moved closer to approving Solana exchange-traded funds (ETFs) by acknowledging a filing by fund management titan Grayscale for a spot Solana ETF.<\/p>\n
The filing<\/span><\/a> marks a significant step forward, coming after previous rejections of similar applications. Bloomberg ETF analyst Eric Balchunas called the development ”notable”<\/a> because it’s the first time an ETF tracking a cryptocurrency that was previously deemed a security has been acknowledged by the SEC.<\/p>\n UPDATE: SEC just acknowledged the @Grayscale<\/a> Solana 19b-4. This is actually newsworthy because the SEC had refused to do this in recent filing attempts for SOL pic.twitter.com\/m2D88GKG5i<\/a><\/p>\n — James Seyffart (@JSeyff) February 6, 2025<\/a><\/p><\/blockquote>\n\n