news 
Title: Bitwise Launches Solana Staking ETP in Europe Amidst Ongoing Regulatory Challenges in the US
As the cryptocurrency market continues to evolve, regulatory bodies are also adapting their stance on various aspects of the industry. Unfortunately for stakeholders, this means that staking rewards have been excluded from current American applications due to concerns over securities laws. However, with Paul Atkins set to take over as SEC chair in January, there is a glimmer of hope that these rewards may no longer be classified as securities, potentially paving the way for spot ETF issuers to repurpose these rewards into their offerings. This could see firms leveraging their European staking ETP infrastructure to introduce similar products in the US market.
In other news, Solana’s recent performance has not been as strong as its peers Bitcoin and Ethereum, with SOL increasing by a mere 1.61% compared to their respective gains of 17.49% and 26.96%. Despite this underwhelming result, significant traders remain optimistic about Solana’s long-term prospects, citing historical trends and indicators that suggest the potential for significant growth.
At present, Solana (SOL) is trading at $218, having experienced a decline of 1.42% over the past 24 hours.
Source: http://www.crypto-news-flash.com
