According to sources close to the matter, CME has no plans to launch the Solana Futures ETF.
Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan, recently said the investment bank was skeptical that the SEC would approve such funds due to its stance that most cryptocurrencies are securities.
According to Panigirtzoglou, if U.S. policymakers do not ultimately pass legislation recognizing that most cryptocurrencies are not securities, the SEC may approve other crypto ETFs. However, no such legislation currently exists, he said.
The SEC approved the 19b-4 forms of eight spot Ethereum ETF applicants, including Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity and Franklin, in a single order on May 23. These ETFs’ S-1 filings are still awaiting SEC approval before the funds can begin trading. Many analysts expect trading to begin in the coming weeks.
*This is not investment advice.
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