The SEC has acknowledged Grayscale’s amended application for a spot Solana ETF, marking a notable shift in its approach toward cryptocurrency regulation after previous delays under former Chair Gary Gensler.
With other companies like 21Shares also submitting filings, there is strong market interest. JPMorgan estimates that an approved spot Solana ETF could generate between 3 billion USD and 6 billion USD in assets during its first year.
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