The US Securities and Exchange Commission is willing to accept cryptocurrency asset management firms, Bitwise said recently. Spot Solana ETF The launch of the Ethereum version that was previously approved will take place after. The ETH investment product will begin trading soon. next week.
Talking to BloombergKatherine Downing, CCO of the company noted that it appears to be a good agency. “quite welcoming” Other crypto-based ETFs are also being considered. Downing also said the Ether ETF was a good investment. “close to the finish line.” This week, many issuers filed amended S-1 Forms.
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Solana ETF to be Released After the ETH Launch?
In a recent interview, Bitwise’s Downing talked about the possibility of investment products such as a Solana ETF in light of the Ethereum development. In a recent interview, Downing noted that the issuers had “dialogue with the SEC about the possibility of what’s coming down the pike with new products.”
Downing also noted the fact that some of those products were not organic. “may have to wait on a new SEC chair,” Gary Gensler will be fired in January. She stated that Gensler might get in her way. Downing emphasized that Gensler’s involvement is a problem. “long haul” Get products to the market. Particularly given his experience with the industry.
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Downign explained the response of Downign to further product talk as “quite welcoming.” This increases the chances of an ETF based on Solana. Asset managers have filed applications for this type of investment product. VanEck.
Early this month GSR Markets Released a report about the product. SOL was noted as having “cemented itself as part of Crypto’s Big Three.” The same is true for BTC and ETH. next crypto-based ETF. But the real question is, when? Many expect that a Solana ETF will not become viable before 2025, despite two approvals already in 2024.
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Source: watcher.guru