JP Morgan Says Solana ETF Expectations Is A Pipe Dream, Here’s Why
Summary
JP Morgan analysts doubt the approval of a Solana ETF by the US SEC due to recent enforcement actions on the crypto industry. They believe the SEC's stance on classifying cryptocurrencies as securities is a major barrier. Standard Chartered analysts, however, are more optimistic, predicting potential approval of a Solana ETF by 2025, citing the approval of an Ethereum Spot ETF as an indication that other similar cryptocurrencies may also be categorized as non-securities.
