Nate Geraci, CEO of The ETF Retailer, introduced at present {that a} new spot Solana ETF S-1 modification submitting has been filed by Franklin, Constancy, CoinShares, Bitwise, Grayscale, VanEck, and Canary.
Based on Geraci, these purposes additionally embody staking. That is being considered as a optimistic sign by traders that staking may very well be accepted for potential spot Ethereum ETFs.
Geraci additionally made a prediction in regards to the approval course of for the purposes, saying he predicted that the spot Solana ETFs may very well be accepted inside 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 said that following all these developments, October may very well be a crucial turning level for the crypto ETF market.
*This isn’t funding recommendation.
