{"id":142423,"date":"2024-11-17T08:00:42","date_gmt":"2024-11-17T06:00:42","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142423"},"modified":"2024-11-16T12:54:38","modified_gmt":"2024-11-16T10:54:38","slug":"could-solana-be-the-next-altcoin-to-score-a-u-s-etf-approval","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/could-solana-be-the-next-altcoin-to-score-a-u-s-etf-approval\/","title":{"rendered":"Could Solana Be the Next Altcoin to Score a U.S. ETF Approval?"},"content":{"rendered":"

Matthew Sigel from VanEck believes there\u2019s a high chance that a Solana<\/a> <\/strong>exchange-traded fund (ETF) will be approved in the U.S. by 2025. He attributes this to a likely shift in SEC policy under President Trump\u2019s administration, which he expects to lead to more approvals for crypto products. Sigel anticipates a Solana ETF by the end of 2024.<\/p>\n

Following Trump\u2019s victory, over a dozen crypto ETF proposals, including those for Solana, XRP<\/a><\/strong>, and Litecoin<\/a><\/strong>, are awaiting approval. This includes filings for crypto index ETFs. Analysts view these filings as a bet on Trump\u2019s pro-crypto stance, which is expected to replace Biden\u2019s more stringent regulatory approach.<\/p>\n

Trump has not announced a new SEC chair yet, but Summer Mersinger is rumored to be under consideration for the CFTC chair. Recently, the SEC began reviewing Grayscale\u2019s proposal for an ETF that holds various cryptocurrencies, signaling potential shifts in regulation.<\/p>\n