📍Bitwise has also officially submitted its Solana ETF application to the SEC.
📌 Bitwise just filed Form 8-A for the Solana Spot ETF. This move comes as other issuers (Grayscale, Franklin Templeton…) are also amending their filings, indicating that the market is in a sprint phase with the SEC. There are high hopes that the SOL ETF could be approved in just a few weeks.
📌 Regarding the market argument, $SOL has a much smaller market cap compared to $BTC and $ETH, so even a modest influx of ETF capital could create a significant price jump. In fact, the price of $SOL has already somewhat priced in the news over the past few weeks.
📌 VanEck has officially filed for the JitoSOL ETF – the first product to bring Solana's liquid staking token into the traditional ETF framework. If approved, investors will not only hold SOL's price but also enjoy staking yield right within the ETF.
📌 At the same time, major players like Grayscale, Bitwise, 21Shares, WisdomTree, Franklin… have all updated their spot XRP ETF filings in response to feedback from the SEC. This is a strong signal that XRP is getting closer to an official ETF approval after overcoming legal hurdles.
👉🏻 The crypto ETF market has moved beyond spot BTC/ETH – now is the time for staking tokens and altcoins to enter the institutional arena.
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