Spot Solana ETFs: Galaxy Digital Predicts Approval Odds By SEC

Quick Summary:

Alex Thorn, Head of Research at Galaxy Digital, recently provided an analysis on the filings for spot Solana Exchange Traded Products (ETPs) by investment firms VanEck and 21Shares.

The SEC currently views Solana as an unregistered security, primarily based on ongoing litigation against major cryptocurrency exchange Coinbase.

Bitcoin and Ethereum ETPs have navigated this pathway with varying degrees of resistance and success.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: HungaryNigerNigeria

Topics: Solana Solana price Solana news Galaxy Digital Crypto News SOL Spot Solana ETF SOL price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 06:30:22 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 41 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21437714

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