Grayscale Applies for Solana and Litecoin ETF with the SEC | Airdrop Alert Pro

Grayscale, one of the largest crypto asset managers, just filed with the SEC to create Litecoin and Solana etf. It also filed for other crypto-related ETF products.

The company’s “Bitcoin Adopter ETF” and synthetic Ethereum ETF are part of a huge surge in SEC adoption since the resignation of Gary Gensler. It is unclear which of these products will qualify for regulatory approval.

Grayscale continues ETF race

with other encryption and Contest to create litecoin ETF was surrendered. canary capital based in nashville Submit first file October, but few followed suit.

this The SEC has been sending more signals It may approve Litecoin fund, and Nasdaq application if approved. Today, Grayscale becomes the second document For litecoin etf.

Although The price of Litecoin has surged recently Grayscale’s adoption hasn’t moved the needle yet due to ETF rumors. After the ETF approval failed, this price surge quickly disappeared and the market may be shy to raise hopes again.

However, there may be other reasons for the lack of any significant movement in the Litecoin market. For example, the network has few upgrades and technological advancements compared to other blockchains.

At the same time, the same is true for grayscale bring up For several other ETF products, Includes Solana ETF. according to Wire compile Bloomberg Analyst James Seyffart, Grayscale is creating products based on its synthetic location offerings Ether trust and mini trustand a novel idea:

“Grayscale files for ‘Bitcoin Adopters’ ETF. Here are the strategy details: It will be a holding of stocks of companies that use Bitcoin as a corporate treasury,” Seyffart claim.

In short, Grayscale gave priority to withdrawing Litecoin products, but also applied for three other ETF products. The company may have started the Bitcoin ETF game, but its product has always dominant in the market for other ETF issuers.

This synthetic Ethereum ETF and Bitcoin Adopter ETF may further attempt to scratch the bottom of the barrel. At this time, it is unclear which, if any, of these products will pass regulatory review. Since Gary Gensler resigned, many companies have Submitted my applicationincluding some Questionable Meme Coin ETF.

If Grayscale succeeds in creating an ETF product, it could face another highly competitive market.