Multiple asset managers, including Bitwise, VanEck, 21Shares, and Canary Capital, have submitted regulatory filings to list spot Solana ETFs in the United States. The Cboe BZX Exchange has filed four 19b-4 requests simultaneously with the confirmation of SEC Chair Gary Gensler's upcoming resignation in January. If approved, these ETFs could significantly impact the crypto market, following similar high-performance patterns established by Bitcoin and Ether ETFs. Asset managers believe that Solana's native token, SOL, qualifies as a commodity, which has not been deemed a security by any court. Recent filings also indicate a growing interest in spot XRP and Litecoin ETFs. The forthcoming changes in SEC leadership may present a more favorable regulatory environment for cryptocurrency, sparking predictions of increased inflows into Solana ETFs, given its impressive price surge of over 2,500% during the current bull market, nearing its all-time high.

Source 🔗