Solana ETFs could be approved by February 2025, SEC Deadline for Solana ETF today

Recently, the SEC has confirmed that now all ETF applications can get approval at any time. Due to this it is said that in the coming few months, GrayScale, VanEck, 21Shares, Canary, and Bitwise have got Solana ETFs approval, due to which the Solan Community will be given a bigger financial status. Grayscale files to convert its $150M Solana Trust funds into a Spot ETF for regulated trading which possibly crashes Solana’s Prices and Market cap to offer real USD/SOL-backed services to banks, Bonds, and Commodities in March or Q2 months of 2025. Solana consolidates nearly $380M support, with breakout targets set at $480 and $578 USD. Canary and Grayscale Investments are filed with NYSE & NASDAQ to launch a Solana Exchange-Traded Fund (ETF) and Develop DeCentralized Financial Services. Currently, with Solana coin becoming increasingly popular among celebrities, banks, politicians, social influencers, and asset managers, the SEC is now able to approve Solana ETFs.

Does the SEC plan to accept the multiple Solana ETF applications at once?

SEC has recently confirmed that approximately 3-4 ETF applications can be accepted. To total Solana ETF application, SEC found that approximately $10B market cap will be added to other Solana ETFs of which Canary and Grayscale have the highest Solana Dominance. Recently GrayScale has revealed that last time Grayscale and other Bitcoin ETFs sold approximately $300 Billion worth of Bitcoin but this time Grayscale and Canary will buy approximately $10 Billion USD worth of Solana Coin. But there is another big thing that Grayscale and NYSE have jointly submitted the application for Solana ETF. As a result, it is now being said that the domestic funds in Solana ETFs that will be traded annually in the NYSE Stock Exchange may be more than $10 billion. Solana and Solana ETFs were founded in 2017 with the highest-performing blockchain network by defeating Ethereum and Bitcoin which designed decentralized apps and DApps. Solana become the greatest Banking, Financial, and Staking crypto and Blockchain which offers excellent Speed, Faster developments, Node/Block, NFTs, and Multiple DeFi opportunities. GrayScale may become the world’s top Solana ETFs and GrayScale Plans to convert all its Pension, Index Fund, Grayscale Bitcoin Trust (GBTC), Grayscale Decentralized AI Fund, Grayscale DeFinance Fun,d and OTC Markets. GrayScale filled out a request for Solana ETFs to offer a fund that focuses on staking returns and Dynamic revenue-generating income funds. Recently, Solana ETFs and NYSE explained that the Solana ETFs will surpass some of the Gold ETFs and Bond Yield.