The U.S. Securities and Alternate Fee (SEC) has acknowledged a current Solana ETF software proposed by Canary Capital.
This comes after the SEC additionally acknowledged Grayscale’s Solana ETF submitting earlier this month.
Franklin Templeton has registered a brand new Delaware entity, which signifies that it’s doubtless getting ready to affix the Solana ETF race within the close to future.
As reported by U.At present, VanEck was the primary to suggest a Solana ETF again in June. Since then, a number of different issuers have adopted swimsuit.
Bloomberg analysts at present see a 70% likelihood of such a product being authorized
The unsure regulatory standing of the SOL token seems to be the principle hindrance on the highway to approval. It’s price noting that the token was repeatedly named as a safety in a number of SEC lawsuits.
The SOL worth is at present down 3.1% regardless of the latest acknowledgment.
