News Explorer — SEC Entered 'New Territory' With Solana ETF Acknowledgement: Experts

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Feb 7, 6:31 pm

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SEC Entered 'New Territory' With Solana ETF Acknowledgement: Experts

An application for a Solana ETF has been acknowledged by the SEC, indicating a potential shift in their approach to crypto products. The SEC previously only approved Bitcoin and Ethereum ETFs under former Chair Gary Gensler's strict criteria. The proposed rule change for a Grayscale Solana Trust as a commodity-based trust marks a significant development in the regulatory landscape.

An application for a Solana ETF has been acknowledged by the SEC, indicating a potential shift in their approach to crypto products. The SEC previously only approved Bitcoin and Ethereum ETFs under former Chair Gary Gensler's strict criteria. The proposed rule change for a Grayscale Solana Trust as a commodity-based trust marks a significant development in the regulatory landscape.

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