{"id":11880,"date":"2025-02-07T10:17:20","date_gmt":"2025-02-07T10:17:20","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11880"},"modified":"2025-02-07T10:17:20","modified_gmt":"2025-02-07T10:17:20","slug":"berachain-threatens-solana-as-sec-approves-sol-etf-will-solaxy-meme-coin-explode","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11880","title":{"rendered":"Berachain Threatens Solana as SEC Approves $SOL ETF: Will Solaxy Meme Coin Explode?"},"content":{"rendered":"
\n

It seems we\u2019ve entered an alternate reality because the SEC (Securities and Exchange Commission), previously firmly anti-crypto, has now acknowledged multiple altcoin ETF (exchange-traded fund) applications at once.<\/p>\n

Namely, the regulator made an update on Grayscale\u2019s Solana ($SOL) ETF, which it had rejected last year after calling the asset a security.<\/p>\n

Bloomberg analyst Eric Balchunas points out this is the first time the SEC has made such a U-turn.<\/p>\n

The regulator is taking baby steps toward accepting crypto as a legitimate asset class, but progress is progress. Now that the $SOL ETF is around the corner, the Solana token is targeting new heights, and another token, $SOLX, stands to ride on its coattails.<\/p>\n

$SOL ETF Is Underway As the SEC Does a 180\u00b0 on Crypto<\/h2>\n

Alongside the $SOL ETF, the commission acknowledged Grayscale\u2019s Litecoin ($LTC) ETF and several $XRP ETFs, issued by 21Shares, Canary Capital, WisdomTree, and Bitwise.<\/p>\n

Both $SOL and $XRP have a history of facing regulatory obstacles, including the SEC explicitly calling them securities. In the case of $XRP, this turned into a five-year-long legal battle.<\/p>\n

However, after former SEC chair Gary Gensler<\/a> departed, the regulator took a more pro-crypto stance under Mark Uyeda\u2019s leadership.<\/p>\n

Acknowledgment doesn\u2019t yet mean approval, but the SEC is now evidently more accepting of altcoin investment products.<\/p>\n

And how could they not be, if even the US President is on board with crypto ETFs?<\/p>\n

Trump Media and Technology Group (TMTG) filed several ETF and SMA (Separately Managed Account) applications on Tuesday, including Truth.Fi Made in America ETF and Truth.Fi Bitcoin Plus ETF.<\/p>\n

$SOL is not part of Trump\u2019s World Liberty Financial (WLFI) portfolio<\/a>, but many other altcoins<\/a> are. TMTG might be testing the waters with its $BTC ETF applications and could file for more investment products in the future.<\/p>\n

Could Solaxy ($SOLX) Help Solana Stay Ahead?<\/h2>\n

ETF approval would come in handy for $SOL now that its parent ecosystem faces competition from Berachain \u2013 a new Layer-1 network that uses Proof-of-Liquidity for greater scalability.<\/p>\n

The $BERA token began trading on exchanges yesterday at $1 and hit $14.99 within mere hours but has since fallen to $7.42. Early adopters are hyped up as 15% of the $BERA supply is set aside for an airdrop.<\/p>\n

\"Berachain<\/p>\n

The project raised over $100M in funding to develop its innovative consensus mechanism. While it\u2019s still too early to judge how well Berachain handles ever-increasing workload, it currently appears to be a serious contender to both Ethereum and Solana.<\/p>\n

Solaxy ($SOLX)<\/a> could help Solana maintain its dominance by resolving its congestion issues. It\u2019s the world\u2019s first Layer-2 network for Solana that can speed up transaction processing and lower fees on the mainnet.<\/p>\n

The $SOLX meme coin<\/a> presale has already gained strong momentum, with $18.5M raised so far. One token now costs $0.001628, but the price will increase in 45 hours. Find out how to buy Solaxy<\/a> now.<\/p>\n

\"Solaxy<\/p>\n

Think of it this way \u2013 you\u2019d be investing in a platform that builds on an established network with an eye-watering $9B TVL (Total Value Locked)<\/a>?<\/p>\n

Solaxy amplifies Solana\u2019s strengths while addressing its shortcomings, ultimately improving user experience and expanding development capabilities.<\/p>\n

Solaxy\u2019s launch, coupled with the potential of a $SOL ETF, might revive the Solana ecosystem and attract a significant influx of new capital and users.<\/p>\n

Final Remarks<\/h2>\n

The SEC is doing a complete 180\u00b0. After years of giving crypto the cold shoulder, the regulator might soon approve $SOL, $XRP, and other altcoin ETFs.<\/p>\n

This is good news for Solana, and while the mainnet has its fair share of scalability issues, Solaxy<\/a> might be the ace up its sleeve. This Layer-2 solution could be just what Solana needs to stay ahead of rising competitors like Berachain.<\/p>\n

While $SOL\u2019s and $SOLX\u2019s future looks bright, we remind you to DYOR and diversify your portfolio to offset potential losses, as the crypto market is notoriously volatile.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It seems we\u2019ve entered an alternate reality because the SEC (Securities and Exchange Commission), previously firmly anti-crypto, has now acknowledged multiple altcoin ETF (exchange-traded fund) applications at once. Namely, the regulator made an update on Grayscale\u2019s Solana ($SOL) ETF, which it had rejected last year after calling the asset a security. Bloomberg analyst Eric Balchunas […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11880","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11880"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11880\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}