Eric Bulknath, ETF specialist at Bloomberg Intelligence, said the probability of approval of backgrounds (ETFs) listed at the bottom of US English (SUN) is 100%.
This is because the Securities Commission on the Securities Commission (SEC) requested ETF emitters from Solana and other cryptocurrencies to withdraw their 19B-4 request.
This change involves the implementation of a general price standard approved by the SEC two weeks ago, eliminating the need for these forms. 19B-4 is the necessary document to propose changes to the rules for bags that allow product products such as ETFs. By general standards, this step is no longer necessary and speeds up the approval process.
For this reason, we are now focusing on the essential registration document regarding the issuance of funds requiring approval from the S-1 Form, the SEC’s Corporate Finance Department.
Balchunas explained: “We thought this could happen. It makes sense because the 19B-4 is not necessary under post-generation contribution standards. But we’re still sure how the launch calendar works. It’ll be clear soon.”
Furthermore, he pointed out that elimination of the 19B-4 requirement accelerates the process. This is because the issue should not wait for the regulatory period associated with these forms. Prior to the regulatory changes, canary companies requesting ETFs for Fidelity, Grayscale, Vaneck, Bitwise, Franklin, Coinshare and Solana presented amendments to Form S-1. It shows that the process is in advanced stages and final approval can be reached in the short termas reported by Cryptootics.
These Solana ETFs include staking, allowing managers to replicate the price of their assets as well as additional rewards for validating the Solana network. As the launch of these ETFs can occur “at any time”, Balchunas has urged investors to prepare.
(tagstotranslate) Cryptocurrency
