ETFs & Mutual Funds
Crypto ETF Hopefuls View SEC’s Latest Moves as Change of Pace
- SEC is seeking comments on Solana ETF filing for first time
- Issuers are hopeful new SEC will embrace pro-crypto choices
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Donald Trump’s pick to succeed Gary Gensler as chair of the SEC hasn’t been officially installed yet, but the regulator is already taking incremental steps on a path to approving a handful of new cryptocurrency exchange-traded funds.
On Thursday, the US Securities and Exchange Commission said its seeking public comments on Grayscale’s Solana and Litecoin exchange-traded products, according to two filings. Industry observers say it’s an encouraging sign and change of pace from the agency, which previously had not acknowledged filings for ETFs that track the spot price of Solana, one of the largest cryptocurrencies behind Bitcoin and Ether. The SEC began to seek comment for another Litecoin ETF in January.