Analyst: The demand for SOL ETF could be substantial, but the SEC's tough stance could be a major obstacle
News on May 23, Bloomberg ETF analyst James Seyffart posted on X saying that apart from BTC and ETH, the demand for SOL ETF may be greater than other digital assets. However, the problem lies in SEC's attitude towards SOL being completely different from its treatment of ETH. In previous lawsuits against Coinbase, Kraken and other companies, SEC has bluntly stated "Solana (SOL) is a security", which could make the path to SOL's ETF very rocky.
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