Solana ETF Approval Likely by Next Year, Industry Leaders Predict Positive Signals
The post Solana ETF Approval Likely by Next Year, Industry Leaders Predict Positive Signals appeared on BitcoinEthereumNews.com.
The ongoing discourse surrounding cryptocurrency exchange-traded funds (ETFs) has intensified, particularly with the anticipated Solana ETF. Nate Geraci, President of the ETF Store, expressed optimism regarding the approval timeline, citing a strong likelihood of clearance by the end of the upcoming year. This assertion aligns with current interactions observed between the SEC and the ETF issuer, which many in the sector perceive as a favorable indicator for progress. Industry experts, including Alexander Blume from Two Prime Digital Assets, echo this sentiment, suggesting that the active submissions from leading entities like Bitwise demonstrate confidence in regulatory outcomes. Blume emphasized that the operational viability of previous Bitcoin and Ethereum ETFs establishes a constructive framework that could facilitate a burgeoning market for Solana-based products. As institutional and retail investors gain access to cryptocurrency through regulated avenues of ETFs, the potential influx of capital signals a transformative shift. Blume remarked that this development represents a paradigm shift, converting a limited resource into a substantial stream of investment activity, which is poised to enhance market dynamics significantly. Source: https://en.coinotag.com/breakingnews/solana-etf-approval-likely-by-next-year-industry-leaders-predict-positive-signals/
Filed under: News - @ November 24, 2024 1:20 am