Solana ETFs Face SEC Pushback as Market Waits for 2025 Changes

SEC to reject 19b-4 filings for Solana spot ETFs, signaling continued regulatory resistance. Multiple asset managers, including Grayscale, seek Solana spot ETF approvals amid delays. Solana (SOL) sees a 2.21% price increase, maintaining strong market position despite uncertainty. The U.S. Securities and Exchange Commission (SEC) announced it will reject the 19b-4 filings for Solana ETFs submitted by two of the five applicants. According to Fox Business journalist Eleanor Terret’s report, the SEC’s position suggests the regulatory body remains unwilling to approve new crypto ETFs under the current administration. Despite growing demand for crypto ETFs, the SEC continues to pose a barrier. SCOOP: I’ve confirmed that the @SECGov has notified at least two of the five prospective issuers that it will reject their 19b4 filings for the $SOL spot ETFs. The consensus here, I’m told, is that the SEC won’t entertain any new #crypto ETFs under the current administration. — Eleanor Terrett (@EleanorTerrett) December 6, 2024 Read also: Canary Capital Applies for Solana ETF, Challenging SEC Stance Terret stated that the SEC is unlikely to approve only on… The post Solana ETFs Face SEC Pushback as Market Waits for 2025 Changes appeared first on Coin Edition .

Source: Coin Edition