The prospects of the SEC approving spot Solana ETF is sparking excitement though analysts project a lengthy journey ahead. 

Despite the favorable odds for the US Securities and Exchange Commission (SEC) approving the Solana-based exchange-traded funds (ETFs), analysts consider their debut is uncertain. The ETF analysts attribute potential delay from pending regulatory review, pending enforcement actions and the public commentary on the filings. As such, the ETF gurus consider several matters could change for Solana hopefuls before the ETFs start trading.

Bloomberg’s ETF analyst Eric Balchunas reflects on the recent development as the regulator failed to issue an outright rejection to the applications. The pronouncement by the senior ETF analysts emerge as the SEC signaled the start to weigh filings for Solana ETFs this week. The securities watchdog could replicate past incidents to extend the review deadline to as late as mid-October as witnessed in approving other crypto-based. 

The Solana

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