The fate of Solana’s ETF approval hinges on the outcome of the upcoming US presidential election, with analysts suggesting that a Biden victory could spell doom for the ETF. The Chicago Board Options Exchange has filed for Solana ETF, citing its resistance to price manipulation, but the overall belief in its approval by the end of 2024 remains low at just 10%. Despite this, there is still a possibility for approval in 2025, as the SEC will have 240 days to decide after revised filings are submitted.
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VanEck and 21Shares Seek Approval for Solana ETFs Amid Political Speculation
The Chicago Board Options Exchange has filed for the listing of two new cryptocurrency offerings, the VanEck Solana Trust and the 21Shares Core Solana ETF, in an attempt to offer a third cryptocurrency in the form of an ETF. The approval of these ETFs will depend on the SEC’s decision, with the outcome potentially hinging on the upcoming presidential election and the changing atmosphere on Capitol Hill in favor of crypto.
read moreUS Presidential Election’s Impact on Solana ETF Approval Decision
The approval of a Solana spot exchange-traded fund (ETF) in the US is heavily influenced by the outcome of the 2024 presidential election, with analysts suggesting that a Trump victory could increase the chances of approval. The decision deadline for the Solana ETF is set for mid-March 2025, with the SEC having 240 days to make a decision once the filings are acknowledged. The contrasting views of the leading candidates on cryptocurrency regulation make the 2024 election pivotal for the future of cryptocurrency in the US.
read moreSolana ETF Approval Prospects Hinge on US Election Outcome
Solana’s potential ETF approval by mid-2025 hinges on the US presidential election outcome, with analysts suggesting a favorable environment under a Trump victory. Despite regulatory hurdles and ongoing lawsuits, the cryptocurrency’s price surged by 6.47% to $141.07, showing signs of recovery and bullish momentum. Additionally, football star Lionel Messi’s promotion of a Solana-based memecoin raises questions about its long-term viability.
read moreBlockDAG Emerges as Stable Investment Option Amid Crypto Market Volatility
In the fast-paced cryptocurrency market, Franklin Templeton’s EZET Ether ETF is awaiting SEC approval, while Chainlink faces a 28.59% drop in value. In contrast, BlockDAG stands out for its stability, having raised over $22 million in its presale and planning to support it with a $100 million liquidity fund, making it a promising option for investors in the volatile crypto market.
read moreFranklin Templeton Launches Ethereum ETF, SEC Approval Pending
Franklin Templeton has launched an Ethereum exchange-traded fund (ETF) named “Franklin Ethereum TR Ethereum ETF” with the ticker code EZET, listed on the Depository Trust and Clearing Corporation website. The ETF’s approval from the U.S. Securities and Exchange Commission is pending, with the SEC’s decision delayed until June 11. Industry heavyweights are also vying for approval of their own Ethereum-based ETFs, with the likelihood of approval assessed at about 35% by Bloomberg ETF analyst Eric Balchunas. The SEC’s Chair Gary Gensler’s views on Ether and his reluctance to define it explicitly as a security could influence the final outcome. [Source: Bloomberg](https://www.bloomberg.com/) [Source: U.S. Securities and Exchange Commission](https://www.sec.gov/)
read moreFranklin Templeton’s Ethereum ETF Listed on DTCC Amid SEC Uncertainty
Franklin Templeton’s Ethereum ETF has been listed on the DTCC, indicating eligibility for creation and redemption. However, the SEC’s anticipated denial of Ethereum ETF applications may hinder industry progress, with analysts estimating only a 25% chance of approval. The agency’s limited engagement contrasts with its approach to Bitcoin ETFs, raising uncertainty around the future of Ethereum-based ETFs (_blank).
read moreFranklin Templeton Launches Ethereum ETF Amid SEC Review
Franklin Templeton has launched an Ethereum exchange-traded fund (ETF) listed on the DTCC website, but its approval status by the SEC is pending. The SEC has extended the review timeline, with chances of approval estimated at around 35% in May, reflecting a less engaged stance compared to Bitcoin ETFs. Chair Gary Gensler’s stance on Ether’s security classification could impact the decision process.
read moreNYSE Considers 24-Hour Trading, Faces Market Sentiment and Regulatory Hurdles
The New York Stock Exchange is considering 24-hour trading and has surveyed market participants for their support and concerns. While some platforms already offer around-the-clock trading, challenges such as managing liquidity and investor concerns about sustainability have been raised. The SEC is reviewing a startup’s proposal for the first round-the-clock exchange in the country, with discussions ongoing about costs and the role of clearing houses.
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