SEC finally acknowledges Solana ETF filing after past rejections

In a major decision for Solana, the American Commission for Securities and Exchange has officially recognized the revised Graycale request for a solara stock exchange fund.

On February 6, the American sec recognized Modified Graycale application for a Solana spot (GROUND) ETF. This is significant because the previous attempts to deposit ETF Sol have been rejected under the management of the President of the SEC, Gary Gensler. In his PublishThe finance lawyer, Scott Johnsson, recalled that the regulator’s refusals were based on Solana products which were poorly classified as a actions to trust goods.

Bloomberg James Seyffart analyst echo This in January, declaring that the division of the application of the law of the dry classifying Solana as a guarantee makes it difficult for the other divisions of the dry to consider it within the framework of an ETF framework of raw materials.

The calendar for potential ETF Solana It remains uncertain, experts offering different opinions. Back in November, the president of the store ETF Nate Geraci said to the block This approval could occur by the end of next year, noting that the recent commitment of the dry with the issuers is a promising development. However, Seyffart suggested could extend in 2026, stressing that the SEC generally takes 240 to 260 days to examine these deposits.

Shoe of Crypto ETF deposits as position of dry issuers

This development presents itself as a wave of Crypto ETF deposits landed on the dry office in recent weeks. The main transmitters, including 21Shares, Bit, Vaneck and Canaria, are all in the running to list the ETF Solana, with CBOE BZX Exchange folding 19B-4 trained on their behalf on January 28.

Beyond Solana, the SEC has recognized several other applications related to the Crypto ETF. Among them, Graycale’s deposit for Litecoin (Thal) ETF, as well as BlackRock’s proposal to allow creations and redemptions in kind for his ETF Ishares Bitcoin. In addition, CBOE BZX has filed forms for Canarial capital,, Wisdom,, 21haresAnd In the world To list a spot ripple (Xrp) ETF. Last but not least, propose A DOGECOIN spot (DOGE) ETF, adding to the growing list of cryptographic investment products looking for regulatory approval.