PiCK
"US SEC Notifies Rejection of Solana Spot ETF Application… Approval Unlikely Under Current Administration"
Doohyun Hwang
Summary
- The US SEC has reportedly rejected the 19b-4 filing for the Solana spot ETF application.
- The SEC stated that it will not allow new virtual asset spot ETFs under the current administration.
- Solana's market price reportedly rose by 2.8% on the Binance Tether market compared to the previous day.
The United States Securities and Exchange Commission (SEC) has reportedly rejected the 19b-4 filing (a proposal for rule changes by a securities exchange) for the Solana (SOL) spot ETF.
On the 5th (local time), Eleanor Terrett, a Fox Business reporter, stated, "The SEC has informed at least two of the five Solana spot ETF applicants that their 19b-4 filings will be rejected."
She added, "From what I've heard, the SEC will not allow new virtual asset spot ETFs under the current administration."
Meanwhile, Solana is trading at $241 on the Binance Tether (USDT) market, up 2.8% from the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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