"Solana Physical ETF Launch, Timing Issue"

Uk Jin

Summary

Grayscale is considered to be involved in the launch of the Solana (SOL) physical exchange-traded fund (ETF).
James Seyffart, a Bloomberg analyst, stated that the launch of the Solana ETF is a timing issue if Donald Trump appoints Paul Atkins as the next SEC chairman.
However, it was mentioned that the market timing could take considerable time.

On this day, Grayscale submitted documents related to the Solana (SOL) physical exchange-traded fund (ETF), creating an atmosphere where the launch of the Solana physical ETF is becoming more certain.

On the 3rd (local time), James Seyffart, an analyst at Bloomberg, stated through X (Twitter), "If Donald Trump's appointment of the next SEC chairman is confirmed, the timing of the Solana ETF launch is a timing issue. However, it may take considerable time," he remarked.

Previously, Donald Trump, the U.S. presidential candidate, nominated Paul Atkins, a former SEC commissioner with a pro-investor stance, as the next SEC chairman.

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