Crypto ETF Race Heats Up, More Solana ETFs Planned as Snorter Bot Corners Market for Solana Memes
Summary
The SEC is experiencing a backlog of ETF filings, particularly for Solana ($SOL) ETFs, following the success of Bitcoin and Ethereum ETFs. Institutions are moving towards multi-asset ETFs despite the SEC's unclear regulations on crypto ETFs. Grayscale aims to convert its Digital Large Cap Fund to an ETF by July 2, which includes assets like $XRP, $SOL, and $ADA. Meanwhile, the Snorter Token ($SNORT) has emerged as a trading bot for low-cap Solana meme coins on Telegram, raising nearly $1.3 million in presale. This tool aims to simplify meme coin trading and enhance investor confidence. The growing number of ETF filings reflects the accelerating adoption of crypto, making Solana increasingly accessible to various investors.
