Solana ETF Approval Nears: Staking Included, 2-Week Countdown
The cryptocurrency market has been abuzz with anticipation since the groundbreaking introduction of Bitcoin and Ethereum spot Exchange-Traded Funds (ETFs) earlier in 2024. These pioneering products not only marked a significant milestone for institutional adoption but also ignited a widespread expectation for further crypto-linked investment vehicles. In the current landscape, all eyes are firmly set on XRP and Solana, which are widely considered to be the next digital assets poised to receive approval from the United States Securities and Exchange Commission (SEC) for their own spot ETFs. Recent developments indicate that the regulatory process for these new ETFs is accelerating rapidly. As reported on Thursday, September 25, the market was keenly awaiting the final amendments for both XRP and Solana ETF applications. True to predictions, the end of the week saw a significant influx of updated filings from numerous potential issuers, all vying to launch a Solana spot ETF in the US mar…
