Dry blocks ETF Solana from bit and 21 sheets for regulatory reasons

The SEC and Stock Exchange Commission (SEC) has slowed the approval of the two main proposals on the stock market (ETF) Solana.

Dry examines Solana ETF: Compliance with adherence and market risks

ETF Solana de Bitwis’s proposals have been delayed while SEC will launch a new series of procedures to assess their compliance with the key rules of exchange laws.

SEC raised concerns about manipulating the market and protection of investors, which are fundamental questions that need to be considered before granting the green light assessment of all ETFs.

Bitwise submitted his request at the beginning of this year through CBE BZX Exchange. In addition, 21shares, which already manages the ETF for Bitcoins and Ethereum, also wants to participate in the Solana movement. Despite their experience, they have not yet approved any ETF Solana.

Solana is often persecuted as faster and cheaper use than Ethereum, which is popular in crypto enthusiasts. However, the financial regulator remains cautious and wants to ensure that the ETF associated with Solana does not represent long -term problems.

The agency in a press release stated that it also wishes to collect public opinions on a proposal for the quotation and negotiation of shares on the basis of possession of trust, cryptocurrency. She said:

In particular, the Commission seeks to obtain comments on the question of whether the proposal for the quotation and negotiation of the shares of trust holding the land is designed to prevent fraudulent and manipulative actions and practices, or raises new or unpublished concerns that have not been considered by the Commission.

Crypto ETF trapped in regulation regulation

It’s not just Solan. Such recently slowed the approval of crypto ETF. Many applications await while the regulator is looking for the best way to drive these new types of investment.

However, some market observers remain optimistic. Bloomberg analysts have previously considered that most of these crypto ETFs will be approved by the end of the year. They evaluated the chances of about 90 % for ETF Solana and Litecoin.

This optimism is partially driven by President Pro-Krypto Donald Trump, who has committed that the United States has become the world’s capital of crypto. His commitment was clear when he signed a powerful order to create a strategic reserve of bitcoins and a reserve of American digital assets. A growing institutional interest also contributed to this positive perspective.

Despite this encouraging development, the ETF Solan expects. The last late Sec means that the final decision could be postponed by the end of the year.

The price of Solana is still increasing despite failure

Despite the delay for Dec, the price of Solana did not slow down and has increased by more than 3 %in the last 24 hours. The main commentator Krypto on X, Ali Martinez, revealed that the number of portfolios held by 0.1 Solana or more has reached a new historical record of 11.16 million, pointing to the growing accumulation of the token.

Another analyst, the case of Abbot, stressed that the multi -year ascending trend Solana remains intact. He explained that last month, Sol repeated the trend line that marked its bottom, and since then the Token has jumped by more than 50 %, its foundations have been improving. The case remains convinced that $ 290 was not a floor peak and expected to achieve a new record in 2025.

SEC Approval of ETF Solana could trigger a new price increase, a similar bitcoin response when ETF approval in January 2024. ETF generally offers easier and safer approach to investment, which often increases prices.

The measured approach of dry shows their caution by crypto investment. Although investors can find these frustrating delays, the possible approval of ETF Solana could catalyze an increase in investment and pricing valuation.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.