The ETF Store President: The SEC's decision to no longer classify tokens like SOL as securities does not increase the likelihood of their ETF approval

ChainCatcher news, The ETF Store president Nate Geraci posted on X that the SEC's decision to no longer classify tokens like SOL as securities does not increase the likelihood of approval for its SOL spot ETF.

To gain ETF approval, it is still necessary to meet one of the following conditions: a sufficiently long trading history of SOL futures on CME; a comprehensive cryptocurrency regulatory framework and administrative reforms.