The regulator asked the issuers to clarify the mechanism of redemption of assets in kind, as well as describe the approach to the inclusion of staiking in the ETF structure. Formally, SEC has time until October 10 to make a decision. However, the regulator can agree on the first funds before this date, as it expects to ensure the “uninterrupted process of work” against the background of pressure from the market participants.
Analysts interviewed by Coindesk are called one of the reasons for accelerating the consideration of forms of the recent Solana-ETF statement from Rex Shares and Osprey Funds. The third quarter may be a period of active launch of spotal ETFs on altcoins, and SOLANA, as the most popular asset, will probably be able to lead this movement.
Previously, the application to the US Securities and Exchange Commission for the launch of the Sports Exchange Fund tied to the SOLANA cryptocurrency was submitted by CoinShares.
Source: Bits
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