CBOE BZX EXCHANGEfor four different asset managers, the US Securities and Stock Exchanges Commission (SEC) re -applied for Spot Solana ETFs. Rejected applications at the end of last year’s new temporary president of the US regulator Mark Uyanda will be re -evaluated under its leadership. This development, SolanaBitcoin $102,381.3 and Ethereum 
$3,129.8Then the third crypto currency traded on the US stock exchanges made an important opportunity. If the applications are accepted, according to JPMorgan’s estimates, funds can be withdrawn 3-6 billion dollars in the first year.
What do the re -applications for SEC mean?
CBOE BZX exchange, Bitwise, Vaneck, 21shares And Canary Capital On January 28th, he submitted new 19B-4 applications to SEC. Last year, the rejected applications returned to the regulator’s desk. SEC’s Crypto Money MarketThe new temporary president Uyeda, who is said to be more open, is expected to accelerate the process.
Vaneck, Solana ETF While the application was the first company that conveyed its application on 27 June 2024, 21shares and Canary Capital completed their files in June and October respectively. Donald TrumpFollowing the election victory of Bitwise and Grayscale had made similar applications.
On the other hand, with the change that started after Trump, SEC was considered positive in the sector to cancel the rule of recording the crypto currencies in the period of President Gary Gensler as a balance sheet obligation.
ETF race is accelerating in the crypto currency market
Solana ETF applications on the agenda Litecoin 
$113.5, XRP And Dogcoin 
$0.326307 Similar requests for other crypto currencies began to reach SEC. Bloomberg ETF analyst Eric BalchunasLitecoin ETFs, the next most powerful candidate to get approval. SEC is known to actively examine these applications.
For JPMorgan’s Solana ETFs, the estimated fund entrance of the $ 3-6 billion shaped the expectations of market participants. Also within SEC Hester Peirce Crypto currency mission force crypto currencyIt focuses on developing a clear frame for s. All these steps can increase the confidence of corporate investors to the crypto currency market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
