TechFlow news, November 22 — According to Blockworks, Hunter Horsley, CEO of crypto asset management firm Bitwise, said in an interview that Solana is "an incredible emerging asset and story" and is expected to become the "next major opportunity" sought by Bitcoin ETF investors. The company has registered a SOL ETF statutory trust in Delaware, becoming the fourth institution to file for a spot SOL ETF after VanEck, 21Shares, and Canary Capital.
Horsley stated that the U.S. presidential election was "definitely" an important factor in the company's decision to file for the SOL ETF at this time. After a year of careful consideration, it is now a "constructive period" to engage with regulators. FOX Business reported that the SEC has begun actively communicating with applicants for spot SOL ETFs, a stark contrast to its stance in August when it rejected Cboe Exchange's 19b-4 filing.
