The Securities and Exchange Commission is now weighing multiple Solana (SOL ($131.47)) ETF applications, with observers eyeing the move as a departure from how the regulator had previously considered such products.
Canary Capital's Solana Trust joined a growing list of proposed ETFs on Tuesday seeking public comment to bring SOL investing to Wall Street, alongside similar filings from VanEck, 21Shares, and Bitwise.
The development follows Grayscale's Solana ETF application last week, with the SEC's acknowledgment, positioning it as a potential bellwether for a broader group of proposals.
"The SEC has done a big about-turn on the Solana ETF—from refusing to even entertain such an investment product to acknowledging Grayscale's amended SOL ETF application," Chris Chung, founder of Solana swap platform T...
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