Fox Business article "US SEC rejects approval of two Solana spot ETFs"

"2 out of 5 places have been notified of rejection"
"No approval within the current government regime"

Fox Business cryptocurrency reporter Eleni Tartas announced on her X account on the 6th that the US Securities and Exchange Commission (SEC) has notified the rejection of the applications for 2 out of the 5 SOL (Solana) spot exchange-traded funds (ETFs) currently pending.

Previously, a total of 5 asset management companies, starting with VanEck in June last year, had submitted applications for SOL spot ETFs to the SEC. The companies that applied for SOL spot ETF approval are ▲VanEck ▲21Shares ▲Valkyrie ▲Bitwise ▲Grayscale. It is reported that 2 of them have already received rejection notifications.

Tartas wrote that "the SEC will not approve SOL spot ETFs under the current government regime".

Eleni Tartas is a cryptocurrency specialist reporter who is the fastest in the industry to report the latest news, including the announcement of the next SEC chairman by President-elect Trump.

Meanwhile, the SOL spot ETF has emerged as the hottest issue in the industry, along with the visible rise in SOL price and market capitalization last year. Experts' outlook on the approval of the SOL spot ETF last year was not bright. The SEC's view of Solana was different from that of Bitcoin and Ethereum.

However, with the expectation of a "crypto-friendly government" coming in with the confirmation of the election of former President Trump, experts' forecasts are now very different from then. As Gary Gensler, the SEC chairman who claimed that "most cryptocurrencies other than Bitcoin are securities", is confirmed to be dismissed, various paths may open up to trigger the launch of the SOL spot ETF.