Nate Geraci, president of The ETF Store, wrote on the X platform that the SEC's decision to no longer treat tokens such as SOL as securities will not change or improve the chances of a SOL spot ETF being approved, which is correct. Approval of a SOL spot ETF still requires one of the following conditions:
CME-traded SOL futures have a long enough trading record (possibly the longest path).
A comprehensive cryptocurrency regulatory framework (a long road ahead).
Administrative change (the fastest path).
The ETF Store President: SEC's decision to no longer treat tokens like SOL as securities will not change or improve the chances of SOL spot ETF approval
2024-07-31 01:26:35
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