"Solana Spot ETF Application Likely to be Resubmitted After New SEC Chairman Takes Office"

The rejected Solana (SOL) spot ETF application is expected to be resubmitted after the new chairman of the United States Securities and Exchange Commission (SEC) takes office.

On the 6th (local time), Eric Balchunas, a Bloomberg ETF analyst, reported, "The rejected Solana spot ETF is likely to be resubmitted with the inauguration of the new SEC chairman, Paul Atkins."

Previously, Eleanor Terrett, a Fox Business reporter, reported, "The SEC has rejected the approval of the submitted Solana spot ETF 19b-4 document. Under the Joe Biden administration, this product will not be accepted."