7 Solana ETF hopefuls file S-1s, but more ‘back and forth’ with SEC ahead 📈
Seven Solana-focused exchange-traded fund (ETF) hopefuls have filed their S-1 forms as they pursue approval. This could be a significant step for the crypto ETF arena if granted.
The filings reportedly include "staking language," according to ETF analyst James Seyffart, hinting at potential innovative features in these applications.
However, the process involves more steps, with expectations of "back and forth" interactions with the U.S. Securities and Exchange Commission (SEC) before any final decision is made.
This development reflects ongoing interest in integrating crypto into traditional financial instruments, particularly ETFs.
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