Solana ETF Approval Unlikely Before 2025, Expert Nate Geraci Explains Key Challenges
The post Solana ETF Approval Unlikely Before 2025, Expert Nate Geraci Explains Key Challenges appeared on BitcoinEthereumNews.com.
The crypto community is buzzing with anticipation for potential spot Solana and XRP ETFs, following recent approvals for Bitcoin and Ethereum ETFs. However, many industry experts believe these approvals face significant delays due to regulatory challenges and market conditions. Nate Geraci, president of The ETF Store, has voiced his doubts regarding the imminent approval of spot Solana and XRP ETFs. The potential launch of spot Solana and XRP ETFs might be further away than expected, with regulatory hurdles and market skepticism hindering progress. Nate Geraci’s Perspective on Spot Solana and XRP ETFs Nate Geraci, a prominent figure in the ETF industry, has recently commented on the likelihood of new spot crypto ETFs for Solana and XRP. He stated that, given the current regulatory environment and market dynamics, the chances of seeing these ETFs approved within the next couple of years are slim. Geraci mentioned on social media that nothing in the current landscape suggests a spot Solana or XRP ETF is feasible in the near term. Regulatory Environment and Market Conditions Geraci also highlighted the impact of the current U.S. administration on the regulatory environment for cryptocurrencies. He noted that the approval of these ETFs might hinge on the results of the upcoming U.S. elections. A win for candidates with a pro-crypto stance, like Donald Trump or John Deaton, could potentially pave the way for more favorable crypto regulations. In contrast, a victory for more crypto-cautious candidates like Kamala Harris could stall progress for the industry. Factors Influencing Sentiments Toward Crypto ETFs Several key factors are driving the anticipation and sentiment around potential crypto ETFs. The approval of Ethereum as a proof-of-stake asset for ETFs by the SEC and subsequent filings by VanEck and 21Shares for a Solana ETF have fueled investor interest. However, these filings have not progressed, and…
Filed under: News - @ September 14, 2024 7:14 am