Keshav Aggarwal (he/his/him)’s Post

Minimal Odds of US Approval of Solana ETF in 2024: Cboe Global Markets’s withdrawal of 19b-4 filings for Solana(SOL) ETFs highlights the U.S. Securities and Exchange Commission’s security concerns, making U.S. approval unlikely under the current administration. If Kamala Harris for President, 2024 wins the #2024election, Solana Foundation’s SOL ETF approval odds remain low, while a Donald J. Trump For President 2024, Inc. victory could increase them to 60% . Despite #US challenges, #Brazil's regulator approved a second Solana ETF in August, signaling international interest.

#AltcoinsNews: The SEC is in discussions with asset managers, including VanEck and 21Shares, about launching a Solana ETF. Optimism is rising for 19b4 filings, aiding potential approvals after setbacks. Anticipated pro-crypto policies under the incoming Trump administration may foster a more favorable regulatory environment, potentially impacting ETF approvals by 2025. #CryptoNews #CryptospaceToday #Altcoins

🔥 Bitwise Takes a Bold Step into Solana ETF Arena Bitwise is on the move, setting the stage to become the fourth player in the fiercely competitive Solana ETF market. Following the footsteps of Canary Capital's October filing, and VanEck and 21Shares' filings in June, Bitwise aims to deliver a Solana ETF to the U.S. With potential regulatory shifts on the horizon — marked by the anticipated changes in the SEC leadership as Gary Gensler plans to step down — there's a renewed hope for crypto-friendly regulations. The inclusion of Solana

ETH ETFS NET -340M IN FIRST WEEK - Eight newly approved Ether ETFs garnered $1.17 billion in the four trading days last week from date of launch. - BlackRock, Bitwise, and Fidelity saw the largest inflows, collecting $442 million, $266 million, and $219 million, respectively. - Despite large influx in funds from major players, Grayscale's Ether Trust faced a substantial loss of $1.5 billion, as investors exited the high-fee legacy product. - Grayscale also introduced a new “Ethereum Mini Trust” with a 0% fee, attracting $91 million in its first week. - The price of Ether decreased by 4.6% to around $3,331 since the ETFs began trading on July 23, although it's still up 46% year-to-date.

Important days coming up for the #Ethereum ETF. Atleast 5 issuers have submitted their amended 19b-4 documents and are removing the staking part. The chances are that an approval is going to happen for Ethereum in the coming weeks/months. Incredibly positive for the industry.

【VanEck: The first company to submit an Ethereum ETF application, hoping to be listed in the first batch】 VanEck's Matthew Sigel, recovering CFA said on X, "We are the first to submit (spot Ethereum ETF application), and we also hope to be the first to receive a response and be listed in the first batch. The time of submission of the application was important, and it should be so now (compared to the SEC allowing everyone to submit on the same day, which favors large companies)."

#AlfaBitNews Balchunas: Solana ETF Approval Chances Remain Slim. Eric Balchunas believes that the chances of the U.S. authorities approving a Solana spot ETF remain extremely low, even in 2025. He suggests that the situation might change only if Donald Trump returns to the White House. Balchunas noted that applicants withdrew their ETF filings due to fears that the SEC might classify Solana as a security. The regulator's position remains unclear, and consultations have not yielded significant results. Meanwhile, countries like Brazil have already approved similar ETFs.

【Grayscale Ethereum ETF's massive outflows may fade this week】 Mads Eberhardt, senior analyst at Steno Research , said that the massive outflow of funds from the Grayscale Ethereum ETF may subside this week. Mads Eberhardt pointed out that referring to the previous Grayscale Investments #BitcoinETF, its outflow of funds decreased significantly after the 11th trading day. Since the outflow of funds from the Grayscale #EthereumETF is much higher than the AUM, the peak of fund outflows will occur sometime this week, and once the peak is passed, the outflow of funds may slow down.