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Solana ETF Approval Could Come by September: Here’s Why
As the crypto market continues to evolve and grow in popularity, it seems that regulatory bodies are taking notice. This time around, we’re seeing a potential approval for a new ETF that could bring even more exposure and investment opportunities to investors.
The Solana ETF is now on the radar, with some experts suggesting that it may secure early SEC approval by September of this year. The reasoning behind this prediction comes down to one key factor: staking rewards.
Traditionally, Ethereum ETFs have not offered this feature, which has led to weaker inflows compared to other cryptocurrencies like Solana. It’s clear that investors are hungry for more returns on their investment, and it seems the SEC is taking note of these trends.
CBOE’s proposal to use Generic Listing Standards could accelerate the approval process once Solana’s futures eligibility is secured by September 17th. This date marks the end of a six-month eligibility period, and it appears that the market is primed for action.
As the stakes are high in this game, we can see why the Solana ETF would be an attractive option to investors seeking higher returns. With a track record of outpacing Ethereum in terms of user activity, on-chain revenue, and developer engagement over the past 18 months, it’s no surprise that Solana is making waves.
Now that institutional support is growing, with treasury firms holding over $540 million worth of SOL, we’re seeing a turning point for this cryptocurrency. It’s clear that these firms have already bought into the potential of Solana and are now positioning themselves to reap the benefits.
So what does this mean for us? If approved, it would mark the first U.S.-listed product offering direct exposure to a proof-of-stake blockchain that includes staking rewards.
Source: cryptotale.org
