Summary
- CEO Leah Wald expects the US approval process for the Solana (SOL) ETF to be delayed due to regulatory challenges.
- She anticipates that it may take over a year for regulators to understand Solana's characteristics.
- Wald added that Canada is more likely to approve the Solana ETF before the United States.
According to Crypto Briefing, Leah Wald, the CEO of the Toronto-based investment firm SOL Strategies, stated on the 9th (local time) that "due to regulatory challenges, the approval process for the Solana (SOL) Exchange-Traded Fund (ETF) in the United States is expected to be delayed."
She added, "It seems it will take quite a long time. It may take over a year for regulators to understand and educate themselves about the unique characteristics of Solana," noting that "Canada is likely to approve the Solana ETF before the United States. Canada has been leading in ETF innovation."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Today’s key economic and crypto calendar] Remarks by Fed Governor Christopher Waller, among others](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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