Optimism Grows for Solana ETF Approval Amidst Changing Market Dynamics

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However, most Solana proponents are confident, considering SEC Chair Gensler’s exit in January 2025.

SOL recently achieved a new all-time high on Friday morning, trading at $264.31 on Coinbase Inc.  The token gained 18% over the past week, continuing its strong performance in 2024 with a 160% rise since the start of the year.

Geoffrey Kendrick, global head of digital assets research at Standard Chartered, also said that the approval of a Solana ETF is more likely under a Trump administration.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: Solana (SOL) News Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 09:42:16 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23791075

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About Coinpedia

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Official Website: coinpedia.org

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News Last Updated: 15 hours ago

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