Solana ETFs are coming in May?

-

Imagine a world where the regulatory winds change so quickly, it’s like trying to catch a gust of wind in your hands.

And the SEC’s stance can make or break a market. Just six months ago, Solana ETFs were rejected, but now, under new leadership, they’re on the cusp of approval.

It’s like the SEC has done a 180, and Solana is ready for the show.

ETFs are hot

Spot-based Bitcoin ETFs have been a roaring success, with nearly $100 billion in assets under management. Ethereum ETFs, on the other hand, had a lackluster start. But Solana?

It’s been waiting in the wings, its fate hanging in the balance. The old SEC leadership classified most cryptocurrencies as securities, but the new guard sees them as commodities. This shift could be the green light Solana needs.

Waiting for approval

The anticipation is pretty palpable, let me say this. Issuers like Fidelity, Grayscale, and 21Shares are lining up to launch Solana ETFs. The SEC has acknowledged these applications, and the clock is ticking.

While the final deadline is October, but 21Shares thinks approval could come way sooner, maybe as early as May. It’s like the whole crypto world is holding its breath, waiting to see if Solana will be the next big thing.

Supply and demand

But will there be demand? In Europe, Solana ETPs have been surprisingly popular, with assets under management nearing those of Bitcoin.

On the other hand, the launch of Solana futures on the CME was underwhelming, with a mere $12 million in trading volume on the first day.

Compare that to Bitcoin’s $480 million and Ethereum’s $88 million, and you start to wonder if Solana’s spark might fizzle out.

So, will Solana ETFs soar or sink? It’s a gamble, but the crypto world is watching with bated breath.

It’s like placing a bet on a wild card, sometimes you win big, sometimes you lose. But hey, that’s what makes it exciting, right?

Have you read it yet? PayPal announced that Solana and Chainlink join the party

Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Nigerian Court Orders Arrest of CBEX Promoters in ₦1 Billion Crypto Fraud Case

A Federal High Court in Abuja approved the Economic and Financial Crimes Commission’s (EFCC) request to arrest six individuals involved with Crypto Bridge Exchange (CBEX)....

Bitcoin whales feast while retail panics

You ever get the feeling you’re watching a rerun, but the stakes just keep getting higher? That’s Bitcoin right now. The exchanges are looking more...

Dubai + December = Binance Blockchain Week

The city’s already dripping with gold and ambition, but now, the world’s crypto bosses are rolling back into town. The Binance Blockchain Week is making...

Justin Sun Tops TRUMP Token Leaderboard Ahead of Gala Dinner Invite

Justin Sun, founder of Tron, may be behind the top wallet on the TRUMP token leaderboard, sparking speculation about his invitation to Donald Trump’s TRUMP...

Most Popular

Guest posts