01:58
The President of The ETF Store: Solana ETF is expected to be approved by the end of next year at the latest
The President of The ETF Store, Nate Geraci, said: "I believe there is a high possibility that the Solana ETF will be approved by the end of next year at the latest. The SEC may currently be in contact with issuers about this product, which is obviously a positive signal." Given that industry leaders such as Bitwise have already submitted applications one after another, Alexander Blume, CEO of Two Prime Digital Assets also agrees with this view. "If they didn't have a good feeling about success, they wouldn't waste time and money doing it," Blume said. The success and precedent set by spot Bitcoin and Ethereum ETFs combined with a more crypto-friendly management and regulatory environment will lead to the launch of SOL ETF within next year.
01:56
The popular candidate for the chairman of the U.S. SEC, Mark Uyeda, advocates for the establishment of a regulatory sandbox in the crypto field
ChainCatcher reports, according to Crypto Briefing, that Mark Uyeda, a member of the U.S. Securities and Exchange Commission (SEC), said in an interview with Fox Business that he supports the establishment of safe harbors and regulatory sandbox mechanisms in the cryptocurrency field to promote innovation. As a hot candidate for SEC chairman under the Trump administration, Uyeda emphasized the need to end so-called "cryptocurrency wars" and establish clearer regulatory frameworks. Uyeda pointed out that "many crypto assets are not actually securities but are labeled as such." He stressed the importance of collaboration between Congress, the White House, and regulatory agencies in establishing a complete regulatory framework.
01:54
The President of The ETF Store: There is a high possibility that the Solana ETF will be approved by the end of next year at the latest
According to The Block, Nate Geraci, President of The ETF Store, said: "I believe there is a high possibility that the Solana ETF will be approved by the end of next year at the latest. The SEC may be in contact with issuers about this product, which is a positive sign." Given that Bitwise and others have already submitted applications, Alexander Blume, CEO of Two Prime Digital Assets also agrees with this view. "If they didn't think they would succeed, they wouldn't waste time and money doing it," Blume said. The success and precedent set by spot Bitcoin and Ethereum ETFs combined with a more crypto-friendly management and regulatory environment will lead to the launch of SOL ETF within next year. "Institutional investors and retail investors can access cryptocurrencies through banks and exchanges regulated traditional financial channels via an ETF; this opens up previously non-existent pools of capital." "It's like changing swimming pool hoses into fire hoses; this means potential momentum and speculative trading could have a greater impact."