CandleFocus Solana, XRP, and Cardano ETF Applications Gain Traction: Will SEC Approve?
2025-02-13
Author: Content Editor
The U.S. Securities and Exchange Commission (SEC) has acknowledged multiple filings for Solana-based exchange-traded funds (ETFs), signaling progress towards potential approval. Issuers such as 21Shares, Bitwise, Canary Capital, and VanEck submitted proposed rule change forms to list and trade shares of spot Solana ETFs. This follows a similar process to the approval of Bitcoin ETFs. Franklin Templeton has also filed documents to register the Franklin Solana Trust, indicating growing institutional interest in Solana-based financial products. Bloomberg ETF analysts project high approval odds for upcoming spot ETFs tracking cryptocurrencies such as Litecoin, Solana, XRP, and Dogecoin.
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