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Half of crypto revolves around news, and the other half around expectations. A recent announcement has erased expectations. We have seen many speculative news articles about Solana. After the ETH ETF approval, rumors emerged that similar steps could be taken for Solana soon. So, what does the latest news tell us?
Solana (SOL) Breaking News
There were rumors that the Chicago Mercantile Exchange (CME) might soon launch a plan related to Solana. Similar things were also said for BlackRock and other existing crypto ETF issuers. However, according to the recent news, CME does not have such a plan. This means there is no plan to offer a futures fund for SOL.
The key detail for crypto ETFs is whether the SEC definitively considers the relevant cryptocurrency as a security. According to the FIT21 bill recently passed by the House of Representatives, the CFTC can label some altcoins as commodities. This could pave the way for SOL Coin, especially if the SEC stops defining ETH as a security.
However, as of today, we can say that expectations for SOL Coin have disappeared. Since we also know that other issuers currently have no plans for SOL Coin, SOL Coin will remain calm on this front.
