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Solana ETF: 21Shares brings a new application - the SEC's decision!
21Shares has updated the S-1 for a Solana ETF, while the SEC decides over 16 ETF applications this month.
Solana ETF: 21Shares brings a new application - the SEC's decision!
Solana ETFs are enjoying growing popularity because the providers update their applications. Loud Crypto News Has 21 shares recently submitted its updated S-1 dossier for a proposed Solana ETF. This document explains the structure and operating processes of the fund in detail. The regulatory landscape for such ETFs is dynamic, since other companies such as Franklin, Fidelity, Coinshares, Bitshares, Grayscale, Vaneck and Canary have also revised their applications.
The SEC plans to make final decisions in October 16 applications for crypto ETFs, which also include those for Solana, XRP, Litecoin, Dogecoin and Cardano. This large number of applications indicate a growing interest of both providers and investors, which could further stimulate the market for crypto derivatives.
Regulatory developments and their effects
The updated submission of 21shares contains provisions for staking and clarifies questions about in-child returns, which addresses regulatory concerns. There are currently around nine applications for Solana ETFs in the SEC queue. These recent changes show that the providers refine their submissions in response to regulatory feedback.
October is considered crucial for the crypto ETFs, as important deadlines for various suggestions are pending this month. The SEC has lifted delay announcements for these applications, which increases the prospects for approval by the authority. The Commission previously approved updated list standards for crypto ETFs, which further increased the expectations of regulatory approval.
Market reactions and future outlook
The developments also have a direct impact on the market: the price of Solana (SOL) rose by almost 4 % and was traded at the time of reporting with $ 207. With the increasing number of updated applications from 21shares and other providers, the anticipation for the proposed funds grows.
Overall, October could be a turning point for crypto ETFs and be of far-reaching importance for both investors and for the industry. The impending decisions of the SEC are observed closely in order to better assess the direction that the market for crypto derivatives will be.