Several leading asset administrators have updated their presentations of Solana with the US stock and values commission. (SEC). The movement occurs when the competition is heated to launch the first Cotrice Fund in Comercio Spot (ETF) based in Solana.
The amendments, presented on August 29, indicate that the issuers are actively working through regulatory feedback while trying to replicate the route clear by the ETFs of Bitcoin and Ethereum Spot.
Solana ETFS is expected to attract more than $ 8 billion as the sec deadline is approaching
Bloomberg Etf analyst James Seyffart said that companies, including the Canarian capital, Franklin Templeton, Vaneck, Fidelity, 21Shares, Grayscale, Coinshares and Bitwise, appear to be in constructive dialogue with the SEC.
Solana ETF applications have grown constantly in recent months, with at least 16 products waiting for review.
Some presentations face terms for the final decisions of the SEC in mid -October, a development that could accelerate the impulse in the ETF market of digital assets.
Analysts suggest that the probability of approval now exceeds 90%, pointing out the disposition of the SEC to work through reviews instead of rejecting the presentations directly.
In addition, forecasts for tickets in these products have been significantly ambitious.
Market observers expect Solana products to attract up to $ 8 billion once the negotiation begins. They indicate the rapid transition from the network to an institutional degree asset as a demand engine.
In fact, the appetite of investors for exposure to Solana is already visible in related products.
Since its launch in July, the ETF Rexshares Solana Solana has continued to attract constant entries. On August 29, the Fund added $ 11 million in fresh capital, pushing its assets under administration above $ 200 million for the first time.
In particular, the Bloomberg analyst Eric Balchunas said that Rex is restructuring the fund as a registered investment company.
According to him, this change is expected to reduce fiscal inefficiencies and strengthen its competitiveness once it detects the launch of Solana ETFs.
Together, these developments underline how quickly Solana has moved to conventional investment conversation.
With the amendments presented and the decisions of the SEC that are coming, the asset administrators are positioning the token together with Bitcoin and Ethereum as a central component of the next wave of ETF of digital assets that are listed by the United States.
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