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Solana Spot ETFs Filed, Approval Unlikely Soon: Analyst Seyffart
- Bloomberg ETF analyst doubts regulatory approval for Solana Spot ETFs application.
- James Seyffart believes approval for Solana Spot ETFs is unlikely to come soon due to necessary back-and-forth with the SEC.
- Lessons from past Bitcoin ETF launches suggest a similar process for Solana Spot ETFs.
- History of Bitcoin ETF: First US-based spot Bitcoin ETFs launched in January 2024 after initial application in 2013.
- Fidelity Investments filed the first S-1 registration for spot Solana ETF, joined by 21Shares, Franklin Templeton, Grayscale Investments, Bitwise Investments, and Canary Capital.
- VanEck, first US firm to file for spot Solana ETF in June 2021, submitted an amendment filing recently.
- Lessons learned from past approvals expected to expedite Solana ETF approval process.
- User highlights lessons from spot Bitcoin and Ether ETFs to accelerate Solana ETF approval.
- Analyst anticipates spot Solana ETFs to launch with staking coinciding with SEC approval for spot Ether ETFs.
- Bloomberg Intelligence estimates a 90% chance of a Solana ETF approval this year.
- Joe Lubin of Consensys optimistic about Ether ETF issuers offering staking.
- Highlighted crypto news today includes Bitcoin slipping below $104K amid Iran-Israel tensions.
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