Grayscale files for SOL ETF

[rdluffy]

Yes, it looks like Solana ETFs might actually happen now
Grayscale applied for the SOL ETFs and the news came out yesterday


Source

What do you think?
Will it happen this time or can they still deny it and take a while longer?

[Mia Chloe]

Grayscale's application for a Solana ETF could actually turn out to be a significant development  and it's quite exciting to think about it's effect on the network probably in the future. If they should approve it,  it would actually allow investors to gain exposure to Solana through the traditional ETF structure which would definitely affect adoption and liquidity in the solana network.

Aside from that the approval process can sometimes be quite lengthy and uncertain that's because regulatory bodies like the SEC are kinda cautious when it comes to approving cryptocurrency-related ETFs especially in the past. However since Grayscale has has a nice reputation, it could probably help their aproval too.

[vegasus]

Whether it's fast or slow, this is significant news. And the SEC is currently reviewing various Solana ETH applications. It turns out that it's not just Grayscale that has submitted this ETH application, but also various big companies such as 21Shares, VanEck, and Canary Capital.

Thus, if the Solana ETF can be approved, the increase in Solana's price could be much more significant. After this news, the price of SOL rose quite drastically after previously falling at $ 225 and now starting to rise at $ 232.
https://www.binance.com/en/square/post/17091234618209

[rdluffy]

Whether it's fast or slow, this is significant news. And the SEC is currently reviewing various Solana ETH applications. It turns out that it's not just Grayscale that has submitted this ETH application, but also various big companies such as 21Shares, VanEck, and Canary Capital.

Thus, if the Solana ETF can be approved, the increase in Solana's price could be much more significant. After this news, the price of SOL rose quite drastically after previously falling at $ 225 and now starting to rise at $ 232.
https://www.binance.com/en/square/post/17091234618209

The price right now is 242 USD, but I suspect the price will reflect when (if) they aprove the ETFs

I suspect that they have already submitted the applications so that they can be approved at the beginning of next year with the new SEC management, which will probably be much more pro-crypto, and they should approve SOL's ETF and a few other things

Will BlackRock also want to have a Solana ETF?

[bitmover]

What do you think?
Will it happen this time or can they still deny it and take a while longer?

Interesting news
Probably it will get approved in trumps administration.

However , I don't expect a huge price change. Just like ethereum approved didn't trigger a huge price change.

I think those etf approvals are all priced in

[Mia Chloe]

The price right now is 242 USD, but I suspect the price will reflect when (if) they aprove the ETFs
I suspect that they have already submitted the applications so that they can be approved at the beginning of next year with the new SEC management, which will probably be much more pro-crypto, and they should approve SOL's ETF and a few other things
Will BlackRock also want to have a Solana ETF?

Yeah ETFs have a high chance of boosting things up including price and adoption , however another question is how long would the ETF news approval affect the price of Solana? Yeah I've seen the effects of ETFs but sometimes they only have a huge effect when at their initial approval period when the news is still fresh and the hype is still high in fact that's when you get the most out of them.

Anyways like I mentioned before grey scale has a good reputation and that may actually improve their chances of an ETF aproval sooner. ETFs are good but how long will it's effect last positively on solana is another question. I guess we actually have to wait and see.

[rdluffy]

What do you think?
Will it happen this time or can they still deny it and take a while longer?

Interesting news
Probably it will get approved in trumps administration.

However , I don't expect a huge price change. Just like ethereum approved didn't trigger a huge price change.

I think those etf approvals are all priced in

Companies were eager to buy the Bitcoin ETF that did so well
the ETH ETFs were not as successful as they had hoped, but I believe it is still satisfactory

the Solana ETFs I have my doubts, it may be that the good momentum of cryptos and SOL will help a little more than ETH.
I still think there's room for a good rise

A curiosity that I've already posted here on the forum: the SOL ETFs in Brazil have a total value of approximately 34 million reais

[rdluffy]

Some fresh news:


Source: https://x.com/EleanorTerrett/status/1864874666445152672

Looks like they don't want to deal with any other ETF right now and will wait until next chairman and next administration

[KryptoBull]

Yes, it looks like Solana ETFs might actually happen now
Grayscale applied for the SOL ETFs and the news came out yesterday

What do you think?
Will it happen this time or can they still deny it and take a while longer?

This is big news for SOL as a spot SOL ETF has been mentioned right after the spot ETH ETF was approved, but unfortunately, BlackRock has denied plans to propose additional spot ETFs for altcoins. If Grayscale succeeds with this product after Jan 20th, SOL price will receive a steady inflow of funds from traditional investors.

However, we should also be prepared for the negative if the spot SOL ETF is approved. Grayscale's customers have held SOL for a long time, and they may sell off SOL to take profits right after the spot SOL ETF is traded. I hope this will happen in a short period of time and SOL price will continue its upward trend.

[Azharul]

Yes, it looks like Solana ETFs might actually happen now
Grayscale applied for the SOL ETFs and the news came out yesterday

What do you think?
Will it happen this time or can they still deny it and take a while longer?

This is big news for SOL as a spot SOL ETF has been mentioned right after the spot ETH ETF was approved, but unfortunately, BlackRock has denied plans to propose additional spot ETFs for altcoins. If Grayscale succeeds with this product after Jan 20th, SOL price will receive a steady inflow of funds from traditional investors.

However, we should also be prepared for the negative if the spot SOL ETF is approved. Grayscale's customers have held SOL for a long time, and they may sell off SOL to take profits right after the spot SOL ETF is traded. I hope this will happen in a short period of time and SOL price will continue its upward trend.

I think that Solana is one of the best valuable crypto in cryptocurrency market. I also believe that gradually solana price is increase in cryptocurrency market. Because we know that bitcoin price is increase day by day. So if we follow in crypto market, we can see that others crypto currency price also increase gradually in cryptocurrency market. I also think that after one year bitcoin price is increase near $150k. So i believe that within a short time SOL price could be pass to best position.

[bitmover]

Yes, it looks like Solana ETFs might actually happen now
Grayscale applied for the SOL ETFs and the news came out yesterday

What do you think?
Will it happen this time or can they still deny it and take a while longer?

This is big news for SOL as a spot SOL ETF has been mentioned right after the spot ETH ETF was approved, but unfortunately, BlackRock has denied plans to propose additional spot ETFs for altcoins. If Grayscale succeeds with this product after Jan 20th, SOL price will receive a steady inflow of funds from traditional investors.

However, we should also be prepared for the negative if the spot SOL ETF is approved. Grayscale's customers have held SOL for a long time, and they may sell off SOL to take profits right after the spot SOL ETF is traded. I hope this will happen in a short period of time and SOL price will continue its upward trend.

I think that Solana is one of the best valuable crypto in cryptocurrency market. I also believe that gradually solana price is increase in cryptocurrency market. Because we know that bitcoin price is increase day by day. So if we follow in crypto market, we can see that others crypto currency price also increase gradually in cryptocurrency market. I also think that after one year bitcoin price is increase near $150k. So i believe that within a short time SOL price could be pass to best position.

The point is that SOL has a much higher volatility.

SOL was basically dead after FTX broke, and it recovered very fast.

Also, there were many altcoins in the past which were top5-top10 and they are basically dead now, like EOS and IOTA.  I don't think Blackrock will risk its reputation listing coins which can just die within some years/months

[Zed0X]

Some fresh news:


Source: https://x.com/EleanorTerrett/status/1864874666445152672

Looks like they don't want to deal with any other ETF right now and will wait until next chairman and next administration

Yeah, that's what I am expecting. It just doesn't make sense for the outgoing Gensler to deliberate on this. We may not like what he did during the past years in relation to crypto but I think he's not like Joe making late decisions like pardoning his son Hunter

Grayscale probably expected this too but still proceeded with the filing anyway and that's maybe in the hopes that it will be one of the first thing the new SEC Chair will look into.

[rdluffy]

The point is that SOL has a much higher volatility.

SOL was basically dead after FTX broke, and it recovered very fast.

Also, there were many altcoins in the past which were top5-top10 and they are basically dead now, like EOS and IOTA.  I don't think Blackrock will risk its reputation listing coins which can just die within some years/months

I believe that Solana ETFs could be approved by 2025
SOL is very strong with many projects going on in the network, and it's working well, I believe can sustain the "hype" and stay for a long time, not only in top 10 of marketcap, but staying relevant with a strong community
Next bear market SOL DeFi can stay even stronger

[PX-Z]

If it follows the SEC regulatory requirements and other aspects like security and possible market manipulation it could be approved but let's still see how it will come since lots of ETF are tend to denied regardless who applied. Welp, if it got approved surely, that's a massive feat of SOL and its price will soar up.

[erus]

I'm confused about how to reply to a post like this and I'm also not an expert in guessing. The fact is that until now Solana has not been approved by ETF, isn't that right?

My assumption is, it seems like ETF has very strict regulations for Solana coins to be approved so that it takes longer to be approved. Not to mention the story of Solana which once plunged after the collapse of the FTX Exchange, even though it has risen again, bad memories like that still haunt the Solana coin.
One more thing, as far as I know, the Solana blockchain often goes out and maybe this is what makes Solana considered to be accepted by ETF. Cmiiw