The post Trump’s Victory; The Only Way To Solana ETF-Says Bloomberg Analyst appeared first on Coinpedia Fintech News
Bloomberg’s ETF analyst Eric Balchunas is very skeptical about the potential launch of a spot ETF for Solana in the near future. Eric shared a detailed flow chart that explains the approval process. Notably, the CBOE filed 19b-4 for a Solana ETF on July 8th. The second step of the approval required the U.S. SEC to post CBOE’s 19b-4 filing for Solana ETF on the agency’s website. However, the agency refused and CBOE’s Solana ETF Filing was never posted to the SEC website.
“A Snowball’s Chance Of Approval”
Consequently, Balchunas disclosed that the agency withdrew the 19b-4 filings for Solana ETFs following the SEC’s refusal to post them. However, the S-1 filings from potential Solana ETF issuers are still active.
In an X post, he stated that there is “A snowball’s chance in hell of approval unless there’s a change in leadership.”
We współpracy z: https://coinpedia.org/news/trumps-victory-the-only-way-to-solana-etf-says-bloomberg-analyst/
