Solana ETFs ‘Inevitable’ in US After Brazil Approval, Says VanEck Exec

Solana has emerged as the next major target for spot ETF issuers in the United States. After the successful launch of Bitcoin and Ethereum spot ETFs, multiple fund providers have identified Solana as the next big opportunity and have filed to offer such crypto ETFs. This week's approval of a Solana ETF in Brazil has sparked speculation that a U.S. counterpart is inevitable, but the timeline remains uncertain.

Brazil Leading the Way

Brazil has taken the lead in the realm of crypto ETFs, with its recent approval of a Solana ETF marking a significant milestone. In contrast, the United States, a traditional financial powerhouse, is adopting a more cautious approach. The U.S. Securities and Exchange Commission (SEC) continues to navigate the complex regulatory landscape surrounding crypto assets.

A Tale of Two Regulatory Stances

The stark contrast between Brazil's progressive stance and the United States’ cautious approach has ignited intense debate among investors and industry experts. Many are questioning when, or if, the U.S. will follow Brazil's example.

Markus Thielen, founder of 10x Research, shared his insights with Decrypt, noting that significant progress has been made toward the launch of a Solana ETF in the United States. Prominent asset managers, including VanEck and 21Shares, have already submitted applications to the SEC. However, this progress does not guarantee that approvals will be forthcoming anytime soon.

The Path Forward

While the approval of a Solana ETF in the U.S. seems inevitable to some, the timing remains uncertain. The SEC's cautious stance on crypto regulation means that the industry may have to wait longer for approval. However, the momentum generated by Brazil's approval could pressure U.S. regulators to act sooner rather than later.

As the industry continues to evolve, all eyes will be on the SEC to see how it navigates the growing demand for crypto ETFs, particularly those targeting assets like Solana.

Related Posts

Bitcoin pada na najniži nivo u posljednjih mjesec dana: Šta je uzrok pada?

Nakon kratkog rasta tržišta izazvanog američkim izvještajem o zapošljavanju, Bitcoin pada na najniži nivo u mjesec dana, spustivši se ispod 54.000 dolara. Ovo je najniža vrijednost Bitcoina od 5. augusta.…

Crypto All-Stars Meme Cryptocurrency: Leading the Market After $750K Presale

Introduction: Crypto All-Stars (STARS) has raised $750,000 in its presale, positioning itself as a game-changer in the meme cryptocurrency sector. As excitement around meme cryptocurrencies grows, traders turn to Crypto…

Možda Vas zanima

Bitcoin pada na najniži nivo u posljednjih mjesec dana: Šta je uzrok pada?

  • By admin
  • 7 Septembra, 2024
  • 200 views
Bitcoin pada na najniži nivo u posljednjih mjesec dana: Šta je uzrok pada?

Crypto All-Stars Meme Cryptocurrency: Leading the Market After $750K Presale

  • By admin
  • 1 Septembra, 2024
  • 199 views
Crypto All-Stars Meme Cryptocurrency: Leading the Market After $750K Presale

The Crypto Bull Market Creates 88K New Millionaires in 2024: Henley Global

  • By admin
  • 27 Augusta, 2024
  • 189 views
The Crypto Bull Market Creates 88K New Millionaires in 2024: Henley Global

Blockchain Education Integration in Argentina's High Schools

  • By admin
  • 27 Augusta, 2024
  • 184 views
Blockchain Education Integration in Argentina's High Schools

Monero Vets Introduce Tari Token: Simplified Mining for New Crypto Enthusiasts

  • By admin
  • 18 Augusta, 2024
  • 207 views
Monero Vets Introduce Tari Token: Simplified Mining for New Crypto Enthusiasts

Solana ETFs ‘Inevitable’ in US After Brazil Approval, Says VanEck Exec

  • By admin
  • 10 Augusta, 2024
  • 169 views
Solana ETFs ‘Inevitable’ in US After Brazil Approval, Says VanEck Exec
Please enter CoinGecko Free Api Key to get this plugin works.