Popular altcoin Solana For Spot ETF applications, updates that come back in succession reveal that the contacts between the US Securities and the Stock Exchange Commission (SEC) and the asset management companies are accelerating. Large companies such as Vanck, Franklin, Canary/Marinade, Grayscale, 21shares, Fidelity, Bitwise and Coinshares rearranged their ETF applications on Friday.
What’s happening in the Solana ETFs?
On Friday, many exporters changed their Spot Solana ETF to give the right to return for cash and crypto money. These changes allow investors to take back ETF shares whether they are in cash or directly in return. Last week, a similar picture was seen in XRP ETF applications. Bloomberg ETF analyst James Seyffartthat the updates pointed to a positive contact with SEC. emphasized.
What happened in the USA altcoin For focused ETFs, the appetite continues on the exporters’ side. Bitcoin 
$108,628.10 and Ethereum 
$4,443.52 The fact that Spot ETFs withdraws billions of dollars of entry holds on the agenda of Solana’s expectations to follow a similar route. However, Solana’s first spot ETF trial could not reflect the level of this interest for now.
Interest was low in the first solana ETFs
On the other hand, ETF focused on the first breath in the USA REX-OSPREY SOL + STINGING ETF was. ETF was launched on 2 July using a different method to overcome the traditional Secondary Confirmation process. However, he could not catch the expected acceleration and was quite behind Bitcoin and Ethereum ETFs.
In March, Volatility Shares launched the Solana futures ETFs and offered an alternative investment option. However, the reaction of the market was limited. In the last 24 hours Left coinThe price of approximately 0.78 percent in the last 24 hours is traded for $ 204.63. Price data show that developments on the ETF side have not yet had an impact on the price.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
