On Thursday, September 25, Bitcoinist reported that the final spot XRP and Solana amendments are expected before the end of this week. As expected, many potential issuers have updated their applications to launch the Solana exchange-traded fund in the United States.
These “generic listing standards” opened a door for firms to be able to issue spot exchange-traded products besides Bitcoin and Ether. According to the SEC, exchanges will now be able to list qualifying crypto-linked ETFs without first submitting a proposed rule change (19b-4).
Geraci also added that the new Solana ETF applications now include staking, which “bodes well” for the spot ETH exchange-traded fund staking. Ultimately, the ETF expert expects the Securities and Exchange Commission to greenlight these SOL-linked products within the next two weeks.
