Solana ETF Launch Hits Roadblock As US SEC Sparks SOL's Security Debate

The Solana ETF launch has been one of the widely discussed topics in the crypto town now, especially after Bitcoin and Ethereum Spot ETF trading started this year in the US. However, according to recent social media posts from Bloomberg analysts, the investment instrument of SOL faces major hurdles as the US SEC appears to have failed to acknowledge the filings. This development has triggered debits over whether the crypto should be classified as a security or not.