Coin Edition -
- SEC to reject 19b-4 filings for spot ETFs, signaling continued regulatory resistance.
- Multiple asset managers, including Grayscale, seek Solana spot ETF approvals amid delays.
- Solana (SOL) sees a 2.21% price increase, maintaining strong market position despite uncertainty.
The U.S. Securities and Exchange Commission (SEC) announced it will reject the 19b-4 filings for Solana ETFs submitted by two of the five applicants.According to Fox Business journalist Eleanor Terret’s report, the SEC’s position suggests the regulatory body remains unwilling to approve new crypto ETFs under the current administration. Despite growing demand for crypto ETFs, the SEC continues to pose a barrier.
