SOL ETFs unlikely to be approved in US ‘anytime soon’

This is a segment from the Empire newsletter. To read full editions, subscribe.

ICYMI, Sol Strategies announced that it was investing CAD $25 million ($17.4 million) in the Solana ecosystem earlier this week. 

CEO Leah Wald told me ahead of the new year that Sol Strategies was focused on building up the “next level” of its business strategy. 

Obviously, given Sol’s focus, the firm is gonna be bullish on the ecosystem, but Wald noted how pleasantly surprised she was at the amount of developer activity and overall enthusiasm for Solana right now. 

She is skeptical, however, about a solana ETF being approved in the US “anytime soon.”

“I think there’s…

Read more on Blockworks

76.5K Reads