According to the latest report, the American Securities and Stock Exchange Committee (SEC) took a major step, which is considered by many encryption fans a single step towards approval of the investment funds circulating in Solana (Sol).
The new directives from the Supreme Education Council requested updated files from the exporters and showed an openness to the inclusion of rewards in the funds.
“Get ready for the potential Alt Etf Summer coin with Solana, likely to drive the road (as well as some basketball products) via jseyff Note this morning, which includes new possibilities for all instant investment funds, “Eric Balunas I mentioned In x.
According to the latest report, SEC asked the exporters to submit modified S-1 models within a week, with possible approval in 3-5 weeks.
The organizers also requested clearly about in -kind recitations and tricks, indicating potential flexibility.
Solana watched the assembly after viral news
The news of the excitement in the Solana community, fueled by the Bloomberg Intelligence Community, which raised the chances of ETF Sol approval to 90 % with the expected decisions by October.
Grayscale, VNECK, 21shares, Bitlise, Franklin Templeton are among the leading companies that seek to obtain SEC approval. Grayscale plans to convert Solana confidence into ETF spot, which reflects Bitcoin and Ethereum ETF transfers.
After the news appeared, the Sol code increased by 3.51 %, helping to increase the cryptocurrency from $ 157 to $ 163. If it is approved, the Solana community may witness a gathering in the encrypted currency.
Also read: US SEC review
