3 days ago
Solana SOL surged 5% successful aft U.S. hours connected Tuesday connected a Blockworks report saying that U.S. regulators are moving guardant successful the regulatory process indispensable to marque spot SOL exchange-traded funds (ETF) reality.
The U.S. Securities and Exchange Commission reportedly asked prospective issuers to amend their S-1 filings successful the adjacent week, according to the story, and volition remark connected the paperwork successful the adjacent 30 days aft submission.
SOL jumped supra $164 successful the minutes pursuing the report, up astir 5% implicit the past 24 hours.
After the debut of bitcoin BTC and ether ETH spot ETFs successful the U.S. past year, plus managers are racing to get regulatory support to motorboat akin vehicles for smaller cryptocurrencies, offering accepted investors easier entree to put successful integer assets. Several plus managers person filed applications with the SEC to motorboat funds holding SOL, including Fidelity, Grayscale, Franklin Templeton and VanEck.
CoinDesk reached retired to prospective issuers for confirmation but had not yet heard backmost astatine clip of publication.
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