{"id":146932,"date":"2025-01-17T08:00:41","date_gmt":"2025-01-17T06:00:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146932"},"modified":"2025-01-16T21:38:06","modified_gmt":"2025-01-16T19:38:06","slug":"why-solana-etf-approval-may-be-further-away-than-expected","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/why-solana-etf-approval-may-be-further-away-than-expected\/","title":{"rendered":"Why Solana ETF Approval May Be Further Away Than Expected"},"content":{"rendered":"
Bloomberg analyst James Seyffart explained that lengthy regulatory reviews and unresolved legal challenges are key obstacles.<\/p>\n
Seyffart noted that the SEC\u2019s ongoing lawsuits against cryptocurrency exchanges, alleging that Solana<\/a> <\/strong>qualifies as an unregistered security, complicate ETF approval. This classification prevents the SEC from evaluating Solana for a commodities-based ETF. Even with a more supportive administration, the SEC\u2019s typical 240\u2013260-day review period could push timelines further.<\/p>\n Trump has pledged to prioritize cryptocurrency innovation, contrasting with the Biden administration\u2019s aggressive enforcement actions against the industry. In 2024, the SEC approved Bitcoin and Ethereum spot ETFs but stalled on applications for altcoin-focused funds, including Solana. Many proposals were effectively dismissed without acknowledgment.<\/p>\n