Reportedly, Applications for the Spot Solana ETF have been denied by theSecurities and Exchange Commission (SEC)
In a recent development, the U.S. Securities and Exchange Commission (SEC) has rejected at least two applications for spot Solana Exchange-Traded Funds (ETFs). According to Fox Business journalist Eleanor Terrett, citing insider sources, the SEC notified at least two of the five prospective issuers that it will reject their 19b4 filings for the Solana spot ETFs.
The five firms that have filed applications for spot Solana ETFs are VanEck, 21Shares, Bitwise, Canary Capital, and Grayscale Investments. However, the journalist did not specify which of the five applicants are affected by the rejections.
The SEC's current administration is unlikely to approve new cryptocurrency ETFs, and this latest rejection follows a series of further rejections of pending applications for cryptocurrency ETFs. The reasons for the SEC's rejections of the Solana ETF applications were not discussed in the current paragraph.
Despite the rejections, the muted market response might be due to community optimism surrounding the potential appointment of a new SEC chair. Further details on the anticipated changes in leadership at the SEC are forthcoming.
In the meantime, the price chart for Solana shows high volatility with a slight downward trend. Solana (SOL) exhibited minimal reaction to the news of the SEC's rejections. The potential impact of the rejections on the Solana cryptocurrency market was not discussed in the current paragraph.
It is important to note that bis zum Zeitpunkt der Veröffentlichung des Artikels hat die US-Börsenaufsicht SEC keine Ablehnung der fünf Antragsteller für Solana-ETFs erteilt; stattdessen wurden Fristen für Entscheidungen mehrmals verlängert, und eine endgültige Entscheidung über den Bitwise Solana ETF steht erst für den 16. Oktober 2025 an.
The journalist did not elaborate on the reasons for the SEC's rejections of the Solana ETF applications or discuss the potential impact of the rejections on the Solana cryptocurrency market. None of the companies have officially confirmed Eleanor Terrett's statement at the time of this publication. The current status of the remaining applications for Solana ETFs was not specified in the current paragraph.
The journalist noted that the SEC's actions recall the launch of eleven spot Bitcoin ETFs on the same day, which could indicate a potential shift in the SEC's stance on cryptocurrency ETFs in the future. However, for now, the fate of the remaining Solana ETF applications remains uncertain.
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