Just hours ago, we announced the first spot SOL Coin ETF application as breaking news. Now, a new one has arrived. Everyone was waiting to see which altcoin ETF issuers would move on after Ethereum (ETH). Despite many rumors about XRP Coin, SOL Coin emerged as the frontrunner.
SOL Coin Breaking News
21Shares has also filed for a spot SOL ETF. If giants like BlackRock and Fidelity also take action, SOL Coin could start an impressive rise. This could mean that the two altcoin ETFs, along with ETH ETF optimism, could lift the overall market.
After the approval of the spot ETH ETF, the SEC found itself contradicting many of its previous statements. The SEC, which labeled altcoins as securities by citing both the ecosystem and the foundation behind the token, can no longer do this. If it does, it could be sued by issuers because there are many altcoins with similar characteristics to ETH.
At the time of writing, SOL Coin has not experienced the expected increase. Due to the drop in BTC prices, investors remain cautious.
