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Solana-based ETF

23 May 2024by CryptoJazz Admin1 min read55 views
Solana-based ETF

πŸ”΄ Bloomberg Intelligence analyst James Seyffart believes that the launch of Solana-based futures ETFs is unlikely due to the token’s classification as a security by the SEC. He suggests that the cryptocurrency derivatives market will be under the oversight of the U.S. Commodity Futures Trading Commission in the coming years.

🟒 However, Adam Cochran, managing partner at CEHV fund, believes that the likelihood of launching ETFs based on Litecoin and Dogecoin is higher.

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