SOL Spot ETF Registered on Delaware Corporate Registration Website
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On the 20th, Bitwise registered a Solana spot ETF on the Delaware corporate registration website. Delaware corporate registration is a step taken by asset management companies before officially submitting the 'S-1' ETF application to the U.S. Securities and Exchange Commission (SEC).
So far, two asset management companies have applied to the SEC for a Solana spot ETF: VanEck and Valkyrie Capital. VanEck and Valkyrie Capital submitted Solana spot ETF approval applications to the SEC in June and July of this year, but both were rejected. Subsequently, VanEck and Valkyrie Capital resubmitted Solana spot ETF approval applications to the SEC in October.
When VanEck and Valkyrie Capital submitted their Solana spot ETF approval applications, experts' outlook on Solana spot ETF approval was not bright. At the time, the SEC's view of Solana was different from that of Bitcoin and Ethereum.
However, with the confirmation of the election of former President Trump and the expectation of a 'pro-cryptocurrency government' entering, experts' outlook has changed significantly from then. The dismissal of Gary Gensler, the SEC chairman who claimed that 'most cryptocurrencies other than Bitcoin are securities,' and various paths that could trigger the launch of a Solana spot ETF have opened up.
