Coin Edition -
- SEC confirms rejection of all spot ETF applications under current rules.
- SEC’s stance on Solana ETFs highlights challenges for altcoin products.
- SEC prioritizes futures-based ETFs, rejecting Solana spot ETF proposals.
Hopes for a Solana ETF were dashed after the U.S. Securities and Exchange Commission (SEC) announced plans to reject several spot applications. FOX reporter Eleanor Terrett confirmed the news, stating that the regulator will not approve any new crypto ETFs under the current administration.