The SEC has acknowledged Grayscale's Solana 19B-4 application, signaling a shift in the agency's stance under President Donald Trump. Grayscale has filed a Form 19b-4 to convert its Solana Trust into a spot Solana ETF. The ETF would trade on the NYSE and currently holds around $102.8 million in assets. Previously, the SEC had denied approval for ETFs from new cryptocurrencies, but under the new administration, the crypto industry expects a more favorable regulatory environment. The news could lead to a rally in SOL, with predictions of the cryptocurrency reaching $520 by the end of 2025.



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