According to the expert, the regulatory agency activated the promotion of applications on Soolana-ETF and funds with the stake of staying after attempts by Rex Financial to launch such products in the United States bypassing ways:
“Get ready for the potential summer altcoin -etf, whose leader is most likely Solana.”
The expert said that Sec already demanded from issuers SOLANA–ETF To clarify the mechanism of redemption of assets in kind, describe the approach to the inclusion of stake in the ETF structure and promised to give an answer within 30 days. After registration of spotes SOLANA–ETFone should expect registration of similar products based on other altcoins, Bulchunas believes.
The chances of getting approval by the end of the year in tools based on the SOLANA and LITecoin assets basket are 90%, and in the XRP funds-85%, the analyst summed up.
Earlier, Standard Chartered experts predicted the growth of SOLANA cryptocurrency to $ 275 by the end of the year and up to $ 500 by 2029. However, experts noted that in the next three years, SOL can demonstrate a more modest growth rate compared to the ether.
Source: Bits
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