Grayscale Solana and Litecoin ETF Applications Face Delay 

The SEC continues to review Grayscale’s proposed ETFs for Solana Trust and Litecoin Trust. The agency is assessing compliance with the Securities Exchange Act of 1934. If approved, Solana and Litecoin ETFs would trade publicly through traditional investment accounts. However, the SEC has requested more time to determine whether both applications meet legal and market conditions. As a result, Grayscale’s ETF applications are now subject to an extended review process. 

According to Polymarket, the Solana ETF has an 82% approval probability, while the Litecoin ETF stands at 80%. Investors are closely monitoring these developments, as approval could usher in a new era for the crypto market. 

BlackRock’s Bitcoin ETF Model and Public Comment Process 

The SEC is evaluating BlackRock’s proposed rule change for the iShares Bitcoin Trust, which would allow in-kind redemptions. Authorized participants could exchange ETF shares directly for Bitcoin instead of cash. Additionally, BlackRock has applied for in-kind creation and redemption processes for its spot Ethereum ETF. Despite recent delays, the U.S. SEC has accepted a spot Dogecoin ETF filing from 21Shares. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post SEC Delays These Crypto ETFs! BlackRock Under Review appeared first on Coin Engineer.