Summary
- Analyst James Seyffart stated that even with a crypto-friendly U.S. administration, the launch of a Solana Exchange-Traded Fund (ETF) might not be possible until 2026.
- He mentioned that the U.S. Securities and Exchange Commission (SEC) review process takes 240-260 days, which could delay the Solana ETF timeline.
- He explained that since the SEC is pursuing a lawsuit claiming Solana is an unregistered security, the review process for ETF listing is becoming more complicated.
According to Cointelegraph, a cryptocurrency-focused media outlet, on the 16th (local time), James Seyffart, a Bloomberg ETF analyst, stated in an interview that even with a crypto-friendly U.S. administration, the launch of a Solana (SOL) Exchange-Traded Fund (ETF) might not be possible until 2026.
He mentioned, "There could be movements related to a Solana ETF after Donald Trump takes office as the U.S. President-elect," but added, "However, due to the U.S. Securities and Exchange Commission (SEC) taking 240-260 days to review submitted documents, the timeline could be delayed until 2026."
Furthermore, he explained, "Since the SEC is currently pursuing a lawsuit against cryptocurrency exchanges claiming that Solana is an unregistered security, the review process for ETF listing is becoming even more complicated."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
