The U.S. Securities and Trade Fee (SEC) has now acknowledged Constancy’s Solana exchange-traded fund (ETF) submitting.
The bullish growth has had little rapid impression on the worth of the favored altcoin. In line with CoinGecko knowledge, the worth of SOL is down by greater than 12% over the previous 24 hours amid an all-out market sell-off.
As reported by U.Right this moment, Constancy, which boasts roughly $4.9 trillion price of belongings underneath administration, jumped into the Solana ETF race in late March.
In February, the SEC additionally acknowledged a number of Solana ETF filings from such issuers as Grayscale, 21Shares, and Canary Capital.
Polymarket bettors see an 83% likelihood of a Solana ETF being permitted this yr.