SEC Acknowledges Grayscale’s Solana and Litecoin ETF Applications
The U.S. Securities and Exchange Commission (SEC) has acknowledged Grayscale’s proposals for Solana and Litecoin exchange-traded funds (ETFs), allowing public feedback. This is the first recognition of a Solana ETF filing, indicating a potential regulatory shift.
Key points include:
- The SEC invited public comments on the filings on February 6, with a 21-day submission period.
- This acknowledgment is significant given the SEC's past refusals regarding Solana ETFs.
- Leadership changes at the SEC may contribute to a more favorable crypto environment.
- The Cboe has resubmitted 19b-4 filings for Solana ETFs from multiple firms, including Bitwise and VanEck.
- The SEC also recognized the NYSE's application for a Grayscale Litecoin ETF.
- Predictions suggest that the SEC will decide on the Solana ETF around October 11.
- The SEC acknowledged a Nasdaq filing for the iShares Bitcoin Trust ETF (IBIT) related to in-kind creations and redemptions.
- Approval for crypto ETFs remains uncertain, but investor optimism is growing.