Seven issuers have filed or modified funds (ETF) on the SPOT Solana funds (ETF) from SECURITIES AND EXCHANGE Commission (SEC) of the United States, marking the last wave of institutional interest in the blockchain of layer 1.
The main dishes to remember:
- Seven Solana ETF files have reached the dry, including new entries and modifications to the main transmitters.
- Analysts say that the implementation language in deposits could complicate approval times.
- Market optimism remains high, Bloomberg projecting 90% of approval opportunities by 2025.
Despite the burst of deposits, analysts warn that approval remains far from guaranteed.
“I think there must be back and forth with the dry and the issuers to eliminate details, so I doubt it,” said Bloomberg ETF analyst James Seyffart.
The analyst warns that Solana ETF can face long roads like Bitcoin Etfs
Saying parallels with the prolonged approval process for Bitcoin ETF, he noted: “If someone remembers the launch of Bitcoin Etf, there was A LOT Deposits in the previous two months before the launch. »»
Among the files of June 13, there was the first S-1 recording of Fidelity for his ETF Solana. 21Shares, Franklin Templeton, Graycale, Bitwise and Canary Capital also submitted amendments to existing requests, while Vaneck – The first company to file an ETF Solana in June – completed the list with a modified deposit of itself.
Seyffart underlined a key complication: the staggered. “All include the language of jealking, I believe,” he said, stressing that the dispositions of jealizing, unlike the ETF of bitcoin and past ether, could start a regulatory decline.
While ETF Ether issuers are also looking for authorization to offer implementation features, the SEC has not yet signed.
However, the feeling of the market seems to change. The Bloomberg Intelligence in April closed 90% on an approval of the Solana ETF by 2025.
And Eric Balchunas de Bloomberg added fuel to speculation earlier this week, by publishing: “Prepare for a potential summer of summer Altcoin with Solana probably opening the way.”
Seyffart admitted that the SEC theoretically could the characteristics of Green Light Light for Solana and Ether ETF simultaneously, but I added: “I have no overview of what will really happen.”
The repression of the dry on the ETF of intention raises doubts about the regulatory direction
Last week, the SEC noted new objections to the ETF proposals of Rex Financial and Osprey Funds which include implementation mechanisms for Solana and Ether.
The regulator argued that these funds might not be considered traditional ETFs under current rules, by throwing uncertainty about the future of investment products compatible with punctures.
Manthan Davé of Rippled Palisade said that resistance shows that the SEC is struggling to reconcile existing executives with rapidly evolving cryptography technologies.
Davé underlined the contradiction in the position of the dry – considering that the development may not be a securities activity, but resisting products built around it. This inconsistency, he warned, risks stifling innovation and sending offshore capital.
He called for lighter advice and modernized classifications that explain how the implementation underpins blockchain and value creation. Without this, the United States can continue to lose ground in the digital financing race.
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