Another day, another presentation of negotiated funds in encryption exchange that was once unthinkable. The Solana ETF proposed by the capital of Canary has become the second vehicle of this type to reach the start door.
In a regulatory presentation on Tuesday, the Bolsa and Securities Commission (SEC) opened public comments about the “Canary Solana Trust”, a proposed ETF that would lead to Sol invest in conventional finances.
The presentation is equivalent to a clock for the investment vehicle proposed by Canary Capital. In 21 days, the SEC will issue a verdict (approval or denial) or, perhaps more likely, will kill the decision with the deadline extensions.
Market observers are widely optimistic that Sol and other Altcoins will win their own ETF this year, but the exact moment and order are not clear. What is more apparent is the new SEC willingness to see the industry favorably, and pass the regulator’s old doubts under former President Gary Gensler.
Donald Trump’s return to the White House created an opening for Canary to act aggressively, said CEO Steve McClurg to Coindesk. The firm seeks to list the ETF Altcoin for assets like Solana that would not have been those not accompanied under the old regime.
The possible ETF of Solana de Grayscale reached this start door last week, which means that its 21 -day destination will arrive a few days before Canary, and it is probably a “Canarian in the coal mine” for both.
A Canary representative did not immediately respond to a request for comments.
