SEC delays verdict for the ETF Solana proposed by 21Shares and Bitwise

The US stock and values ​​commission. UU. has postponed his verdict on two ETF of Solarium and requested public comments about their possible approval.

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• The Sec delayed verdicts for ETFs Solarium proposed by 21Shares and Bitwise
• In turn, he opened a period of public consultation on the viability of these funds
• It also seeks opinions about the trusts of Solarium of Canary and Vaneck
• The new president of the Sec showed a more friendly approach to cryptoactive

The US stock and securities commission (sec) He has decided to postpone his decision regarding the approval of two funds quoted in the stock exchange (ETF) based on Solana (Sol).

According to documents published on Monday, reviewed by The block, The regulatory body claimed to require more time to evaluate more applications of the 21Shares Core Solana ETF and Bitwise Solana ETF.

The Sec He clarified that this action does not imply a negative or positive resolution. “The procedure institution does not indicate that the Commission has reached any conclusion regarding the issues involved”the statement points out. Instead, the entity is inviting the public to send comments and opinions about these financial products.

About the ETFs of Solarium

Solana is one of the main high -performance blockchain projects and low transaction cost. In recent months, several managers have shown interest in launching financial products based on SUN, The native token of this network. The approval of ETFs on this cryptocurrency would be a milestone for their legitimation in traditional markets.

In addition to the products of 21Shares and Bitwise, the Sec He also delayed verdicts and requested comments on other funds linked to Solarium, like him Canary Solana Trust and Vaneck Solana Trust. This demonstrates the growing institutional interest in this Blockchain network, which is perceived as a possible competitor of Ethereum in certain applications.

The proposed products would allow investors to obtain exposure to the price of SUN No need to directly possess the Token, facilitating access to regulated and traditional markets.

The approach of the Sec under new administration

During the administration of Joe Biden, the Sec had approved the ETFs Bitcoin in cash after a key judicial decision, followed by the green light to the ETFs Ethereum Also in its spot version. With the arrival of President Donald Trump to the White House In January of this year, the agency has taken a notorious turn in its regulatory approach to the crypto sector.

Since January, the agency has withdrawn several demands against companies from the sector and has begun to carry out public round tables to collect visions on how to regulate the industry. These events have generated a more open space to dialogue between regulators and actors of the crypto ecosystem.

On Monday, the new president of the Sec, Paul Atkins participated in one of these round tables and took the opportunity to delineate his vision on the regulation of digital assets. In his speech, he criticized the previous strategy of the Commission and highlighted the importance of establishing clear rules to boost financial innovation without sacrificing the protection of the investor.

What follows for ETFs Solarium?

With this new period of public comments, a window opens for experts in the sector, companies and citizens to express their views on the viability and risks of ETFs based on Solarium. The process can be extended for weeks or even months, depending on the volume and complexity of the comments received.

At the moment, the investment community observes with attention how the Sec He manages these proposals, especially given his new more receptive approach to cryptocurrencies. Other firms have also shown interest in launching similar products based on SUN, which could intensify competition in this segment.

The possibility of an ETF Solarium Approved could represent a significant step towards the integration of this blockchain in traditional finances. I could also directly impact the token price SUN, by facilitating the entry of institutional capital in a regulated manner.

As more crypto projects occur before the Sec, The industry seems to enter a new regulatory openness stage.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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