CBOE BZX Exchange, a well -known exchange platform, has re -applied for four companies seeking to approve Solana ETFS. Companies include BitWise, Vaneck, 21shares and Canary Capital.
Renewed boost for Solana Etfs
The latest deposits were presented under the SEC 19B-4 operation, which will make sure that the deposit is recently reviewed by the current organizational bodies. After the resignation of Gary Ginsler, Mark Oida was appointed as a behalf of SEC. With uyeda, approval chances are high, but the main problem will continue: determine whether Solana should be classified as a commodity or safety.
Both Vaneck and Canary Capital presented their Hajj forward, saying it is just like Bitcoin and Eter, so Solana is also decentralized and follows the proof of proof, making it a commodity and not safe. If this mediator and classification are acceptable to the organizers, the ETF will be followed up to agree to the next step to agree to it.
The effect of the potential market
So far, there have been only two of the investment funds circulating in the market, one for Bitcoin and the other for the ether. If Solana ETF is approved, then this third encrypted currency will be as ETF in the market. With this step, the investor will get Solana without keeping digital assets directly.
An analyst from JPMorgan predicted that Spot ETF for Solana may attract 3 to 6 billion dollars in net assets during its first year. This institutional investment would enhance the Sol position inside the market and will increase the market adoption.
Also read: The Czech Central Bank Governor proposes Bitcoin investment
