Canary Capital Group has filed for a spot SOL ETF with the SEC, following in the footsteps of VanEck. The filing is seen as a positive development, especially for those hoping for a more lenient approach to securities oversight. However, it is uncertain how the SEC will view SOL, as they currently consider it a security. The SEC's attempt to clarify its stance on "crypto asset securities" suggests a more flexible approach. The future of a solana ETF remains uncertain but not impossible, as the industry has seen progress with bitcoin and ether ETFs. The outcome may be determined by the election next week. The crypto-friendly SEC Commissioner urges a fair evaluation of the facts and circumstances.



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