BlockDAG Era Continues with Daily Presale Revenue Hitting $5M Why Aren’t Solana ETF & Polkadot Achieving Similar Success?

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TheNewsCrypto 2d ago

BlockDAG Era Continues with Daily Presale Revenue Hitting $5M Why Aren’t Solana ETF & Polkadot Achieving Similar Success? - TheNewsCrypto

Quick Summary:

Regulatory hurdles currently stall Solana ETF applications, with the SEC hinting at possible rejections due to ongoing discussions regarding SOL’s status as a security.

Concurrently, the Polkadot price has climbed to $11.65, exhibiting strong upward movement, yet immediate trends indicate a potential stabilizing phase before it can climb further.

Approval would convert the $120 million Grayscale Solana Trust (GSOL) into a spot ETF, yet regulatory barriers remain a concern.