SEC recognizes the deposit of Solana 19B-4 from Grayscale, and breaking the previous rejection
SEC admitted the deposit of the Grayscale of the ETF Solana (SOL), which represents a shift in the committee’s position on the traded investment funds related to the encrypted currency. This development means that SEC now has until October to decide whether the request will be approved or rejected.
Previously, SEC rejected many requests to track ETFS Solana and ordered CBOE to withdraw that has previously sent 19B-4s to those investment funds circulating.
According to Erik Balunas, EtF Sigure ETF in Bloomberg Intelligence, the transition to recognition of gray files is noticeable. This is the first time that SEC has admitted to submitting an ETF file to an encrypted currency previously classified as “safety”. in X post He referred to:
We are now in a new area, albeit just a child’s step, but apparently the direct result of changing driving.
Erik Balunas
SEC admits several ETF encryption files where companies offer proposals
On Thursday, SEC also admitted many other Crypto ETF apps, including Grayscale to get a Litecoin (LTC) Etf and Blackrock’s proposal to enable the ISHARES Bitcoin ETF creations and loyalty.
Later in the United States evening, CBOE presented files for the stock and trafficking of the traded four investment funds designed to track the price of XRP (XRP).
On Thursday, the Stock Exchange presented four 19B-4 files to SEC to get the possible investment funds from BitWise, 21shares, Canary Capital and Wisdomtree. These sources have already presented S-1S, the initial step in the launch of ETF.
Recent steps indicate that companies feel more comfortable as the current SEC administration expands beyond Bitcoin and Ether ETF products, even if it doesn’t necessarily mean that SEC will agree to all these products.
SEC opens the general suspension period on Grayscale’s Litecoin ETF suggestion
SEC also started General comment The period on the proposed transfer of the Litecoin Trust from Grayscale to ETF. The agency approved NYSE Arca and invited the comments to be submitted within 21 days of publishing the proposal in the federal registry. The agency can decide to approve, reject or “institute’s procedures”.
NYSE Arca published a 19B-4 file a few weeks ago for “Tr” Grayscale Litecoin “and” Solana Trust “. The 19B-4 deposit is the second part of the two steps to suggest the Crypto ETF suggestion. Once SEC confesses to the deposit, it will be published in the federal registry, and start the agency approval process.
In recent weeks, the market companies have been immersed with proposals for the dotco and other ALTCOINS funds, in the hope that the SEC driving change will create a more suitable environment to agree to the investment funds circulating in encryption.
After the exit of the former skeptical SEC, Mark Oida, the agency’s head, chief of agency, Mark Oida, chose his colleague, Republican Commissioner Hyster Peres, to lead a coding work squad.
Pears stated that she intends to focus on clarifying the “encryption assets” that qualify as securities. This can It is possible to change the roads where companies are registered and work to provide clear data when agreeing to the products traded on the stock exchange or not dismantling them.
Cryptopolitan Academy: Free Web3 cheating paper – Download now
