Sunday, June 22, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Regulations

SEC Acknowledges Grayscale’s Solana ETF Filing, Hinting at Potential Regulatory Sea Change

n70products by n70products
February 13, 2025
in Regulations
0
SEC Acknowledges Grayscale’s Solana ETF Filing, Hinting at Potential Regulatory Sea Change
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The U.S. Securities and Change Fee (SEC) is acknowledging crypto asset administration agency Grayscale’s bid to create an exchange-traded fund (ETF) for the good contract platform Solana (SOL).

In a brand new thread on the social media platform X, Bloomberg ETF analyst James Seyffart says the SEC formally acknowledging the bid is noteworthy as a result of the regulatory company had beforehand rejected it.

“UPDATE: SEC simply acknowledged the Grayscale Solana 19b-4. That is truly newsworthy as a result of the SEC had refused to do that in latest submitting makes an attempt for SOL.”

ETFs enable merchants to reveal themselves to property reminiscent of treasured metals and crypto with out having to really buy them. The SEC authorized Bitcoin (BTC) and Ethereum (ETH)-based ETFs in 2024.

In line with senior Bloomberg ETF analyst Eric Balchunas, the acknowledgment is a small step in the best path because the SEC below former Chair Gary Gensler instructed the Chicago Board Choices Change (CBOE) to withdraw its utility for a Solana ETF.

“Notable as a result of that is the primary time an ETF submitting monitoring a coin that had beforehand been known as a ‘safety’ has been acknowledged by [the] SEC.

Solely six weeks in the past the [Gensler]-led SEC advised CBOE to withdraw their Solana 19b-4. So we at the moment are in new territory, albeit only a child step, however seemingly the direct results of management change.”

In December, the SEC shot down all SOL-based ETF purposes earlier than Gensler resigned from his place previous to the inauguration of President Donald Trump. On the time, Balchunas predicted the corporations would reapply after the regime change.

Seyffart goes on to note the SEC altering its tune on Solana may fare nicely for crypto corporations going through lawsuits the place the regulatory physique claims SOL qualifies as a “safety.”

The ultimate deadline for Grayscale’s utility can be round October eleventh, in response to Seyffart.

Solana is buying and selling for $193.37 at time of writing, a 1.3% improve over the last 24 hours.

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Examine Price Action

Comply with us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses chances are you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in internet online affiliate marketing.

Generated Picture: Midjourney





Source link

Tags: AcknowledgeschangeETFFilingGrayscalesHintingpotentialRegulatorySEASECSolana
Previous Post

BNB Uptrend Gears Up: 10% Jump Brings $724 Resistance Into Play

Next Post

Bitcoin consolidates near $100K – Will seller exhaustion fuel the next rally?

Next Post
Bitcoin consolidates near $100K – Will seller exhaustion fuel the next rally?

Bitcoin consolidates near $100K - Will seller exhaustion fuel the next rally?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Is BONK Rally In Jeopardy? Technical Indicators Confirm Weakness

Is BONK Rally In Jeopardy? Technical Indicators Confirm Weakness

November 28, 2024
Ethereum Price Close Above $2,700 Could Spark Larger Degree Rally

Ethereum Price Close Above $2,700 Could Spark Larger Degree Rally

February 14, 2024
Top US Crypto Exchange Coinbase Launches Support for New Asset Tied to Intellectual Property-Focused Blockchain

Top US Crypto Exchange Coinbase Launches Support for New Asset Tied to Intellectual Property-Focused Blockchain

February 15, 2025
World Liberty Financial brushes off oversight concerns from Congress

World Liberty Financial brushes off oversight concerns from Congress

May 16, 2025
Dogecoin Recovery In Sight: Strong Support Hints At Bullish 2025

Dogecoin Recovery In Sight: Strong Support Hints At Bullish 2025

January 4, 2025
$1,100,000,000,000 Pours Into US Banks Amid High Interest Rates As JPMorgan Chase, Bank of America Pay Pittance To Depositors: Report

$1,100,000,000,000 Pours Into US Banks Amid High Interest Rates As JPMorgan Chase, Bank of America Pay Pittance To Depositors: Report

September 29, 2024

Recent Posts

  • The Thawing Frontier | Ethereum Foundation Blog
  • Ethereum Whale Stacks $39M in ETH Despite Ether Falling Harder Than Bitcoin
  • $96,000 Or $144,000? Bitcoin Mayer Multiple Chart Present Price Target Options

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Audit Results for the Pectra System Contracts

The Thawing Frontier | Ethereum Foundation Blog

June 22, 2025
Ethereum Whale Stacks $39M in ETH Despite Ether Falling Harder Than Bitcoin

Ethereum Whale Stacks $39M in ETH Despite Ether Falling Harder Than Bitcoin

June 22, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version