The ETF Store President: Approval of a spot Solana ETF may require SEC approval to designate Solana as a non-security commodity
According to Nate Geraci, the president of investment consulting firm The ETF Store, given that there are currently no Solana futures traded on CME, the only feasible way to obtain approval for a Solana ETF is to implement a legal regulatory framework for cryptocurrencies that clearly defines which crypto assets are securities and which are commodities, or for the SEC to agree to designate Solana as a non-security commodity. In any case, the institution also needs to reach a monitoring sharing agreement with currently unregulated spot cryptocurrency exchanges. Under the current government leadership, this seems unlikely, which makes the applications of VanEck and 21Shares likely to bet on a more crypto-friendly government.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SUI Rides L2 Hype, Monero Stays Private—but Qubetics Quietly Emerges as the Top Crypto Presale to Join Now
SUI gains steam with L2 buzz, Monero holds steady in privacy markets, but Qubetics’ real-world tokenization platform is driving $17.5M+ in presale momentum. Find out why it’s the top crypto presale to join now.Qubetics Brings Real World Assets On-Chain—Finally, a Use Case That Hits HomeSUI’s Layer-2 Ambitions Could Be Just the BeginningMonero’s Privacy Appeal Holds Firm—But Can It Compete With Modern Utility Coins?Final Thoughts: All Eyes on the Top Crypto Presale—And Qubetics Leads the Pack
Crypto Market Breaks Out of 4-Year Monthly Range
The TOTAL chart breaks out of a 4-year-long range, signaling a bullish shift in market sentiment.A Simple Yet Powerful Chart PatternBearish Views Look Increasingly Unfounded
Cardano Poised for Another Bullish Surge
Cardano (ADA) mirrors past breakout patterns, hinting at a major move toward the $2.91 target.$2.91: The Next Major Milestone for ADAMarket Confidence and Momentum Rising
ETHGlobal Prague Reveals Top Finalist Projects
THGlobal Prague unveils finalist projects including on-chain games, DeFi tools, and AI-powered dApps.GameFi, AI, and Cross-Chain Tools Lead the WayDeFi Tools and Utility Protocols
Trending news
MoreCrypto prices
More
