Solana Spot ETFs Edge Closer to U.S. Approval Amid Brazilian Breakthrough, But Regulatory Hurdles Remain
In the present time many ETF experts noted that the chances for Solana spot ETFs (Exchange-Traded Funds) to get approval in the U.S. have increased, especially following Brazil’s recent green light on such products. This development highlights growing acceptance of Solana-based investment products in major markets.
However, while the approval of Solana ETFs in Brazil is a positive sign, the U.S. market is still awaiting final decisions. The U.S. regulatory landscape is more complex, and any approval will depend on the implementation of new rules and guidelines that are currently under consideration.
In a recent interview with Decrypt, Matthew Sigel stated that the likelihood of the U.S. Securities and Exchange Commission (SEC) approving Solana spot ETF applications has increased, especially after a similar approval in Brazil. However, Sigel emphasised that getting approval for a Solana spot ETF in the U.S. won’t be easy. Significant changes in rules and regulations are still needed, as these currently prevent financial regulatory bodies from easily approving crypto spot ETFs.
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Overall, this progress suggests that Solana spot ETFs could soon become available in the U.S., but it remains crucial to monitor how new regulations will shape the outcome.
Solana spot ETF in the USA
In the present time, there are two major applications for Solana (SOL) spot ETFs awaiting regulatory approval from the US SEC body. These applications have been submitted by popular crypto fund managers VanEck and 21Shares. The SEC is expected to review these applications over a 240-day period after acknowledging them. The outcome could be influenced by upcoming changes in regulatory rules and political developments.
Read also: Customers Bank Warned by Federal Reserve Over Crypto Risks
Solana Spot ETFs Gain Momentum in U.S. After Brazil’s Approval, But Regulatory Challenges Persist
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