🚀 SOL ETF: SEC’s Final Tango or Just Another Crypto Waltz? 🕺💸

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In the dusty plains of the crypto frontier, where the winds of speculation howl louder than a pack of hungry coyotes, the market’s been waiting for the next big thing since Bitcoin and Ethereum strutted onto the exchanges in 2024. Now, the XRP and Solana ETFs are lining up at the saloon doors, hats in hand, hoping the SEC doesn’t slam the door shut. 🌵🤠

On a Thursday that felt as long as a drought in the Salinas Valley, Bitcoinist hollered that the final spot XRP and Solana amendments were due before the week’s end. Sure enough, issuers were quicker than a jackrabbit on a hot griddle to update their applications for the Solana ETF. 🏇💨

Is the SEC’s Nod for SOL ETF as Sure as a Sunset?

Come Friday, September 26, Bloomberg’s own James Seyffart took to the digital town square (X, if you’re fancy) to share a pile of updated applications for the spot Solana ETF. According to this sage of the financial plains, the flurry of amendments hints at a dance between issuers and the SEC-though whether it’s a waltz or a brawl remains to be seen. 💃🤜🤛

These updates mean the Solana ETF is closer than a shadow at high noon. Bloomberg’s Eric Balchunas chimed in, suggesting investors start their final countdown-though whether it’s to approval or another round of red tape is anyone’s guess. ⏳🎢

As Bitcoinist’s dusty old archives recall, ETF Store’s Nate Geraci had already predicted this stampede of amendments. He figured the SEC’s new “generic listing standards”-which let the Hashdex Nasdaq Crypto Index US ETF slip through-would open the floodgates for more than just Bitcoin and Ether. 🌊🚪

These standards, as dry and confusing as a legal contract written in sand, mean exchanges can now list crypto-linked ETFs without jumping through the usual hoops of a proposed rule change (19b-4). Progress, or just another mirage? 🏜️🤔

Spot Solana ETF: Staking’s in the Mix, Y’all

Geraci, still on his digital soapbox, noted the S-1 amendments were flying faster than gossip in a small town. Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary were all in the mix, according to the ETF Store. Quite the hoedown, if you ask me. 🎉📜

The real kicker? Staking’s now part of the Solana ETF applications, which Geraci says “bodes well” for ETH staking. Whether the SEC sees it that way or not, he’s betting on a green light within two weeks. Let’s hope he’s not counting his chickens before they hatch. 🐔🤞

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2025-09-28 00:23