Solana’s SOL Soars 5% as Regulators Shake their Pens – Is a Digital Gold Rush Coming? 🤑🔥

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What to know:

  • Solana’s SOL jumped a heroic 5% — probably because U.S. regulators decided to play Santa with spot ETF gifts. 🎁
  • The SEC has summoned prospective issuers like a stern teacher and asked them to tidy up their S-1 filings, with comments expected faster than you can say “regulatory magic”—30 days, folks! ⏳
  • Big players like Fidelity, Grayscale, and VanEck are sprinting to get SEC approval for SOL funds, eager to hop onto the Bitcoin and Ether ETF bandwagon—while the rest of us just watch in amused wonder. 🚀

In a move more dramatic than a Moscow winter, Solana’s SOL surged 5% after a report—alien news, or just regulatory fairy dust? Possibly both, as U.S. regulators are apparently tiptoeing closer to making spot SOL exchange-traded funds (ETFs) happen. 🚶‍♂️💰

The SEC, that capricious guardian of Wall Street dreams, has asked those daring enough to list SOL to polish up their S-1 tales before the clock strikes 30 days. Will they satisfy the cryptic gods of finance? Only time, and perhaps a dash of irony, will tell. ⏱️

Following Bitcoin and Ether’s successful debut in the U.S., the crypto cavalry—Fidelity, Grayscale, Franklin Templeton, VanEck—are clamoring for SEC blessings to unleash SOL funds on the unsuspecting public. The race is on! 🏁

CoinDesk, ever the diligent observer, reached out to these brave hopefuls but heard only the whispers of silence—perhaps the SEC’s reply is lost in bureaucratic limbo or humor. 🤷‍♂️

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2025-06-10 23:07