Grayscale seeks SEC approval for Litecoin and Solana ETFs. Will these digital currency products get regulatory green lights?
Grayscale, a major digital asset management company, has recently filed requests with the U.S. Securities and Exchange Commission (SEC) to create exchange-traded funds (ETFs) for Litecoin and Solana. The company has also applied for other products related to digital currencies such as the Bitcoin Adopters ETF. These actions followed the resignation of Gary Gensler, the former SEC chairman. While Litecoin’s price surged recently due to ETF rumors, the growth quickly diminished. On the other hand, Grayscale has also requested an ETF for Solana, indicating the company’s efforts to expand its products in the competitive ETF market. However, it is still unclear which of these products will receive regulatory approvals.
