Fidelity, Grayscale, Vaneck and Bitwise have requested to broadcast the ETFs.
New regulatory measures facilitate the arrival of cryptocurrency funds.
The ETF specialist at Bloomberg Intelligence, Eric Balchunas, said that the probabilities of approval of a bottom -listed background (ETF) in the English (sun) in the United States are 100%.
This is because the United States Stock Exchange and Securities Commission (SEC) has requested the ETF emitters of Solana and other cryptocurrencies, than withdraw your requests 19B-4.
Change has to do with the implementation of generic price standards approved by the SEC Two weeks ago, which eliminates the need for these forms. The 19B-4 are documents required to propose modifications in the rules of the bags that allow listing products such as ETF. With generic standards, this step is no longer necessary, speeding up the approval process.
For this reason, attention now It focuses In the S-1 forms, essential registration documents for the issuance of funds that require the approval of the Division of Corporate Finance of the SEC.
Balchunas explained: “We thought this could happen. It makes sense, since 19B-4 are not needed in the world post-standards of contribution. However, I am not still sure how the launch calendar will work. Soon it will be revealed more.”
In addition, he pointed out that the elimination of the 19B-4 requirement accelerates the process, since the issues should not wait for the regulatory period associated with these forms. Before the regulatory change, the fidelity, grayscale, vaneck, bitwise, Franklin, Coinshares and Canary firms that have requested ETF of Solana presented amendments of their form s-1, indicating that the process is in an advanced stage and the final approval could reach in the short termas reported by cryptootics.
These ETF of Solana would include staking, allowing administrators to participate in the validation of the Solana network to obtain additional rewards, in addition to replicating the price of the asset. Balchunas urged investors to be prepared, since the launch of these ETF could occur “any day.”