Will Solana ETFs be the next to see approval from the new-look SEC under President Donald Trump? There’s no firm indication yet, but a move from the agency suggests that the regulator might be looking at Solana in a different way.
On Thursday, the SEC acknowledged a rule change proposed by NYSE Arca to list the Grayscale Solana Trust as a commodity-based trust, which experts are taking as a potentially positive shift. In the past, the SEC has alleged that SOL is a security, so even the nod from the regulator is a notable step forward.
“This is the first time an ETF filing tracking a coin that had previously been called a ‘security’ has been acknowledged by SEC,” Bloomberg Senior ETF Analyst Eric Balchunas wrote on X. “We are now in new territory, albeit just a baby step, but seemingly the direct result of leadership change.”
Grayscale isn’t the only firm to file to launch a spot Solana ETF, with VanEck, 21Shares, and Bitwise among the other prominent issuers with interest. Applications have been piling up for the likes of XRP, Dogecoin, and Litecoin ETFs too, not to mention oddities like TRUMP and BONK. Are the floodgates about to open?
Will Solana ETFs Join Bitcoin and Ethereum? Experts Say SEC Just Entered 'New Territory'
The SEC acknowledged an application for a spot Solana ETF on Thursday, signaling that the agency’s framework for crypto products may shift.
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Solana Price Will More Than Double This Year, Says VanEck—Here’s Why
Bitcoin and Ethereum ETF issuer VanEck is bullish on Solana due in part to growing popularity, which has come amid increased stability.
Hawk Tuah Girl Posts, Then Deletes Podcast With Crypto Influencers—What’s Going On?
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Flare Co-Founder: Decentralized Data Will Power ‘Future Value’ of Crypto Industry
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Introducing Grayscale Bitcoin Miners ETF (ticker: MNRS). MNRS provides exposure to Bitcoin Miners and the global Bitcoin Mining industry at a time when we’re seeing unprecedented interest and growth in Bitcoin.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (866)-775-0313 or visit our website at etfs.grayscale.com/mnrs. Read the prospectus or summary prospectus carefully before investing. MNRS is distributed by Foreside Fund Services, LLC and Grayscale Advisors, LLC is the adviser.
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