Nate Geraci, CEO of The ETF Retailer, introduced right now {that a} new spot Solana ETF S-1 modification submitting has been filed by Franklin, Constancy, CoinShares, Bitwise, Grayscale, VanEck, and Canary.
In keeping with Geraci, these purposes additionally embody staking. That is being considered as a constructive sign by buyers that staking may very well be accepted for potential spot Ethereum ETFs.
Geraci additionally made a prediction concerning the approval course of for the purposes, saying he predicted that the spot Solana ETFs may very well be accepted throughout the subsequent two weeks.
Geraci additionally outlined notable developments on the crypto ETF entrance over the previous two weeks, together with the primary spot XRP ETF, the primary spot Dogecoin ETF, the SEC’s approval of public itemizing requirements, the primary index-based spot crypto ETF, the primary Ethereum staking ETF, the primary HYPE ETF utility, and Vanguard’s pushback on spot crypto ETFs.
Geraci acknowledged that following all these developments, October may very well be a vital turning level for the crypto ETF market.
*This isn’t funding recommendation.
