Solana
moved up 5% after US time on Tuesday in a blockworks Report It is said that US regulators are advancing the regulation process required to produce the fact that Sol Exchange-Traded (ETF) funds have been exchanged.
The US Securities and Exchange Commission has been reportedly requested by prospectives who have provided to change their S-1 filings next week, according to the story, and comment on the papers in the next 30 days after the submission.
Sol jumped above $ 164 in minutes following the report, up to 5% in the past 24 hours.
After the Bitcoin debut
And the Ether Spot ETF in the US last year, asset managers are racing to get regulatory approval to launch similar vehicles for smaller cryptocurrencies, offering traditional investors that it is easier to access the investment in digital property. Many owners of the owner have filed applications in the SEC to launch funds holding SOL, including Fidelity, Grayscale, Franklin Templeton and Vaneck.
CoinDesk reached out to the prospectives who provided the confirmation but had not heard at the time of publication.
