SEC likely rejecting Solana spot ETFs over security classification concerns.
Crypto ETF approvals are unlikely under current SEC leadership, analysts suggest.
The U.S. Securities and Exchange Commission (SEC) is set to reject applications for at least two Solana (SOL) spot exchange-traded funds (ETFs), according to Fox Business journalist Eleanor Terret. The regulatory body has reportedly notified at least two of the five prospective issuers about its decision, highlighting concerns about Solana’s potential classification as a security.
SCOOP: I’ve confirmed that the @SECGov has notified at least two of the five prospective issuers that it will reject their 19b4 filings for the $SOL spot ETFs.
The consensus here, I’m told, is that the SEC won’t entertain any new #crypto ETFs under the current administration.
— Eleanor Terrett (@EleanorTerrett) December 6, 2024
Moreover, sources further suggest that the SEC is unlikely to approve any new cryptocurrency ETFs du
We współpracy z: https://thenewscrypto.com/are-solana-spot-etfs-doomed-under-the-current-sec/
