The SEC accepted Grayscale's previously rejected Solana spot ETF application 19b-4.
Bloomberg ETF analyst Eric Balchunas noted that this development is noteworthy, emphasizing that this is the first time the SEC has taken an ETF application into the approval process for an asset that it previously considered a “security”. Balchunas reminded that only six weeks ago, the former SEC management told CBOE to withdraw the Solana application, and stated that this decision could be the beginning of a new era.
The Utah state assembly in the US approved a bill to create a Bitcoin reserve. The bill will also be put to a vote in the state senate to take effect.
At the time of writing, Bitcoin (BTC) is trading at $97,045 and Ethereum (ETH) is trading at $2,712.
The fear and greed index is at the fear level with “35”.
Important developments during the day:
General Market Activity: US non-farm payrolls data will be released.
