Cboe BZX Exchange has filed for a spot Solana ETF, targeting trusts like Canary Solana Trust and Bitwise Solana ETF. Earlier attempts were rejected at the SEC’s request. There is optimism for approval in 2025 due to a more crypto-friendly political landscape.
A significant consideration is whether SOL will be classified as a commodity or security, affecting its ETF approval process. Previous SEC leadership was more cautious; the current environment might change the outlook for cryptocurrency support.
Leave a Reply