Solana Etfs Edge is closer – is this Layer 2 Sol project?

The US Securities and Exchange Committee (SEC) is close to approving the Solana Transved Translid (ETFS) boxes by admitting a submission by the Titan GrayScale Funds for Solana ETF.

the presentation It represents a big step forward, after the previous rejection of similar applications. Bloomberg analyst ETF Eric Balunas Development is called “Note” Since this is the first time that SEC is recognized.

Update: SEC just recognized @grayscale Solana 19B-4. This is already worthy of praise because the Supreme Education Council refused to do so in the recent deposit attempts to Sol pic.twitter.com/m2d88ggg5i

Jseyff February 6, 2025

This shift is strengthening optimism in the Solana ecosystem, where investors are betting that the final approval of Solana Etfs may raise a significant flow of capital in the ecosystem.

This can enhance projects such as the Pressale Presale Solaxy (SOLX) project, which is designed to reduce congestion on Solana Blockchain and improve its efficiency.

It may take until 2026 until it is approved

While the recent recognition of Grayscale is a step in the right direction, Bloomberg’s James Sivart analyst He said In January, these investment products are likely to be approved in 2026.

He added that the timetable for approval is more complex through continuous lawsuits, and SEC intertwines with companies such as Binance and Coinbase in relation to Sol security.

The Supreme Education Council refused to recognize and approve Solana ETFS under former President Gary Ginsler because they were not properly considered a cup of commodity institutions, according to Finance Attorney. Scott Johnson.

Solana projects are preparing to earn

Regardless, acknowledgment of SEC is high in high hopes that Sol Sol ETF gets the green light in the United States soon, which is scheduled to serve as a major blessing for projects associated with Solana Blockchain.

Solaxy (Solx)The first Solana Layer 2 project, in an ideal position to take advantage of an expected increase in investment in the ecosystem. Currently in the pre -center stage, SOLX already raised more than $ 18.4 million.

The project will bring an additional computing power to Solana Mainnet to help the network scale. The side chain will process the main Blockchain transactions, and send it to Solana to check health.

This will help reduce congestion, low transaction fees, and increase the productivity of transactions.

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