US Regulatory Hesitation Slows Down Solana ETF Approval
by aria-crypto.com
January 9, 2025 at 20:05
US Regulatory Hesitation Slows Down Solana ETF Approval
Solana is gaining attention as a promising cryptocurrency, with significant interest in the potential for a US-based exchange-traded fund (ETF) focusing on Solana. Despite strong developer activity and enthusiasm within the Solana ecosystem, Sol Strategies CEO Leah Wald is skeptical about a Solana-focused ETF being approved in the US anytime soon. He highlighted the lengthy and complex process of obtaining regulatory approval, which involves educating regulatory staff and maturing the ecosystem. Notably, Wald believes Canada might approve such an ETF before the US, given Canadian issuer 3iQ's precedent in cryptocurrency ETFs. Concerns about the US Securities and Exchange Commission's leadership and understanding of crypto assets like Solana add to the uncertainty. Amidst these challenges, analysts remain hopeful about Solana's price potential, with predictions it could surpass $400 owing to its appeal among retail investors and anticipation of future ETF approval.
Read more
>> UAE Joins Forces with Mastercard to Advance Crypto Innovations
Mastercard has recently unveiled its new Mastercard Crypto Credential initiative in the UAE and Kazakhstan. This launch marks the first entry of the service into the Eastern Europe, Middle East, and Africa (EEM...
>> US Crypto Leadership Reshaped Following Strategic Appointments and Advisor Trends
Bill Huizenga and other pro-crypto leaders have taken up significant roles in the U.S. House Committee on Financial Services, signaling a potential pivot towards more crypto-friendly policies. With his new posi...
>> EU Standard Chartered Catalyzes Digital Asset Services with New Luxembourg License
Standard Chartered has successfully obtained a Luxembourg license to provide digital asset custody services, a significant move marking its expansion into the EU digital asset market under the MiCA regulation. ...
>> PayPal's PYUSD Stablecoin Revolutionizes Global Payments at FV Bank
FV Bank, a U.S.-licensed digital bank, has integrated the PayPal USD (PYUSD) stablecoin to enable real-time transactions on its platform. This new feature allows for immediate cross-border payments by facilitat...
>> US Government's $6.5 Billion Bitcoin Auction: Strategic Sale or Market Disruptor?
The US Department of Justice is set to auction off $6.5 billion worth of Bitcoin previously seized from the Silk Road, a development that could significantly influence market prices. This move follows a legal b...
14 hours ago
>> Standard Chartered Expands Digital Asset Services in Luxembourg and Beyond
UK-based Standard Chartered Bank has announced the establishment of a new entity in Luxembourg to serve as its regulatory hub for crypto and digital asset custody services across the European Union. This strate...
>> Ethereum vs. Solana: Fidelity's Insight into Cryptocurrency's Future Competition
As Fidelity Digital Assets evaluates the ongoing competition between Ethereum and Solana, their analysis emphasizes Ethereum's robust fundamentals offering a long-term advantage over Solana. While acknowledging...
17 hours ago
>> Bitcoin's Strategic Ascendancy: Fidelity Predicts National Crypto Reserves in 2025
In an intriguing forecast by Fidelity Digital Assets, Bitcoin's integration into national strategies is anticipated to accelerate by 2025, driven by its adoption by various nation-states and their treasuries. T...
19 hours ago
>> SEC and Coinbase Navigate Regulatory Challenges in Singapore's Crypto Landscape
In a notable development reported by U.Today, veteran trader Peter Brandt predicted a potential surge in XRP's market cap to $500 billion based on current chart patterns, although such predictions carry inheren...
21 hours ago
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
