The last development around ETF applications of Solana Spot in the Table of the US Regulatory Agency suggests that multiple ETF of Sol Spot are ready to enter the stock market.
Introduction of Solana
Solana is a best classified game test cryptocurrency (POS) known for its highly scalable blockchain network, which can process up to 70K transactions per second without problems with the help of the history test protocol (POH). This encryption network is a third first -level defi ecosystem, with a current network of $ 733 billion TVL.
The current commercial price of the solana cryptocurrency ($ sun) is $ 190 and this price level is 4.6% less than in the negotiation period of the last 24 hours.
After the last developments around the Solana cryptocurrency, Defi crypto trade activities increased rapidly in the last 24 hours, and this is a sign that large investors are now showing more inclination towards this cryptocurrency.
The new ETF applications of Solana Spot Spot
On February 12, 2025, the United States Securities and Securities Commission (SEC) admitted Four applications Solana Spot ETF officially. The applications are by Canary Solana ETF, Vaneck Us Solana ETF, Bitwise Invest Solana ETF and 21Shares Solana ETF.
Five days ago, we reported that the body of the SEC recognized the Solana ETF ETF application of Grayscale, which triggered a new level of speculation around the nature of the asset class of the solana cryptocurrency.
Bloomberg’s ETF expert, James Seyffart, shared his opinion on this development and said the SEC’s demands against cryptographic companies should be cleaned first, in which Sol Coin was labeled as an unregistered security token.
Experts also believe that the ETFs of Litecoin and Dogecoin could have a greater opportunity for approval before Solana or XRP because Litecoin and Dogecoin were never labeled as security tokens by the sec agency in any demand action against any cryptographic firm.
It is worth knowing that yesterday, Grayscale Investments requested an ETF of Cardano (ADA) with the SEC through Nyse Arca.
The change of direction of the SEC by crypto
Before January 2025, the sec agency was attacking the cryptographic industry with compliance actions using the traditional values āāof values, but the cryptography position of this regulatory body suddenly changed when Gary Gensler resigned from the president’s position and just after Of that, Donald Trump appointed Mark Trump. Uyeda as an interim president of this regulatory body.
The interim president of the body of the SEC not only contributes to this innovative space with favorable rules, but also makes decisions dedicated to cryptography.
Coinbase vs Sec dispute results
As we know, the best crypto exchange of the United States, Coinbase, filed a demand against the bad cryptographic regulatory approach of the SEC and tried to contribute clarity on the real cryptographic regulatory framework of the SEC, which was never created or planned and no company Cryptographic obtained any cryptographic company. Orientation on any cryptographic regulatory framework.
In addition, the dispute is linked to the demand for Coinbase vs Sec. Legal experts believe that currently, the Coinbase team is in a better position and is expected that the sec agency can eliminate demand.
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