2025-02-07
The U.S. Securities and Exchange
Commission (SEC) has officially acknowledged Grayscale's 19b-4 filings to list
and trade exchange-traded funds (ETFs) for Solana and Litecoin.
This acknowledgment, announced on
February 6, 2025, marks a step toward the potential approval of these
crypto-based ETFs.
On February 6, the regulatory body
called for public feedback on both filings. Comments must be submitted within
21 days following their publication in the Federal Register.
SEC's stance toward
cryptocurrency-related ETFs, especially under the current leadership.
The acknowledgment of a Solana ETF
filing is important, as it is the first time the SEC has recognized such a
proposal.
The SEC's request for public feedback
is a standard part of the regulatory process, allowing stakeholders to express
support, concerns, or suggestions regarding the proposed ETFs. The outcome of
this period will play a crucial role in the SEC's final decision on whether to
approve or reject the applications.
As of now, the SEC has until October
2025 to make its decision on these filings.
The investment community is closely
monitoring these developments, as the approval of these ETFs could have positive implications for the cryptocurrency market and its integration into
traditional financial systems.
