The SEC is now considering multiple ETFs related to Solana (SOL), marking a shift from its previous stance on such investment products. Fund issuers have applied for public comment on their proposed Solana ETFs, with prominent applications from Canary Capital and Grayscale. This change in the SEC's position could signify a pivotal moment for Solana, akin to the recent approval for a Bitcoin ETF. Observers anticipate that the approval of these ETFs could pave the way for greater mass adoption of blockchain technologies, particularly Solana's, although concerns remain about the implications of meme coin ETFs. The SEC's procedure allows a 21-day review period during which it can approve, deny, or extend the decision timeframe. Experts express optimism that this could mark a new era for cryptocurrency investment products, indicating a more accommodating regulatory environment.

Source 🔗