As a researcher with a background in cryptocurrencies and exchange-traded funds (ETFs), I find the recent filings for Solana-based ETFs by 21Shares and VanEck fascinating. With experience following the regulatory approval process for such products, I’m cautiously optimistic but realistic about the timeline.
Twenty-One Securities, or 21Shares, is the most recent investment company to submit an application for creating an Exchange-Traded Fund (ETF) that operates on the Solana blockchain platform.
This comes just a day after a similar filing was submitted by VanEck on Thursday.
Based on U.Today’s report, I believe James Seyffart anticipates the approval of a Bitcoin ETF might not occur before 2025 at the earliest.
According to Reuters’ latest report, the SEC is anticipated to finalize its decision on several Ethereum ETF proposals by July 4th.
Eric Balchunas, senior ETF analyst at Bloomberg, hasn’t specified exact approval chances yet as he considers it premature to do so.
In contrast to the latest 21Shares update, Solana’s price has dropped by 4.5% within the last 24 hours. However, it experienced a significant increase of over 6% following the VanEck announcement.
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2024-06-28 20:05