SEC Recognizes Grayscale’s Solana and Litecoin ETF Filings
The Securities and Exchange Commission (SEC) has officially confirmed the 19B-4 filing filed by the New York Stock Exchange (NYSE) to list and trade grayscale Solana and Litecoin Exchange Trading Funds (ETFs).
On February 6, regulators called for public feedback on the two documents. Comments must be submitted within 21 days of their publication in the Federal Register.
Confirm Solana ETF in the first second
SEC Acknowledgements Marking the first Solana (Sol) ETFs make it a major development.
“This is actually newsworthy because the SEC refuses to do so in recent application attempts sol,” Bloomberg ETF analyst James Seyffart Write On X.
He further suggested that the decision could indicate a positive shift in exchanges or companies facing SEC lawsuits, labeling Solana as SONANA Safety. Fox Business reporter Eleanor Terrett responded to the sentiment, calling the move “very noteworthy.”
“A few weeks ago, when Gensler was still at the helm, the same SEC asked CBOE to withdraw the issuer’s Solana file.” Explained.
Eric Balchunas, senior ETF analyst at Bloomberg, also agreed. He stressed SEC’s recognition of products Bonding with digital assets that were previously marked “security”.
“So we are now in a new field, although only a step for babies, it seems to be a direct result of leadership change,” Balchunas Comment.
The SEC’s actions are Chicago Board of Directors Options Exchange (CBOE) is listed on 19b-4 Solana ETF applications representing Bitwise, Vaneck, 21shares and Canary Capital.
at the same time, Gary Gensler’s There is a departure Triggered a surge in ETF files. This is because many people expect to take a more favorable stance on crypto-related products.
Seyffart estimates the final deadline for decision decisions Solana ETF Application It may be around October 11th.
Grayscale Litecoin ETF Nods for the First Time
In addition to the Solana ETF, the SEC also acknowledges NYSE’s 19b-4 Register Lists shares and transaction shares of Grayscale Litecoin Trust. this Mark the second confirmation one Litecoin (LTC) etf.
According to Seyffart Litecoin ETFs May Be Next Receive regulatory approval.
“Holding my phone/view, Litecoin will be the next digital asset approved by the SEC to sell ETF packaging.” Posted.
Meanwhile, on the same day, the SEC has acknowledged Nasdaq’s 19b-4 filing In order to allow iShares Bitcoin Trust ETF (IBIT) to be created and redeemed. Nate Geraci, president of ETF Store, pointed out that while this is a step forward, it should have been long overdue.
“Rich! statement.
The SEC’s recognition of the Grayscale Solana ETF and Litecoin Trust is a positive step forward. Despite this, regulatory approval is still out of reach. Will the new SEC accelerate under President Trump Altcoin ETFs are still to be seen.
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