Yesterday marked a significant event in the ETF space as seven Solana ETF applicants submitted S-1 statements to the SEC. However, analyst James Seyffart from Bloomberg expressed doubts about swift approval.
Solana Spot ETF Applications Filed
Seven Solana ETF applicants filed S-1 statements with the Securities and Exchange Commission (SEC). However, James Seyffart expressed skepticism regarding quick approval, suggesting that there will be a need for ongoing discussions with the SEC to clarify details.
Lessons from Past Approvals for Future Success
An X user mentioned that lessons from past approvals, such as those of Bitcoin and Ether ETFs, will help accelerate the process. Seyffart agreed with the user's points, predicting that Solana ETFs could launch with staking features simultaneously with SEC's approval for Ether ETFs.
Expectations from ETF Approvals in 2024
In April, Bloomberg Intelligence raised its estimated odds of SEC approving a Solana ETF in the current year to 90%. Earlier, Consensys founder Joe Lubin highlighted optimism regarding the timely approval of funds that include staking.
Meanwhile, discussions continue in financial markets regarding the need for clear regulations surrounding staking in ETFs, as it remains a crucial aspect for investment strategies.
