Variant Fund Chief Legal Officer: The US SEC may reject the SOL ETF application due to the lack of futures market

Odaily News Jake Chervinsky, chief legal officer of Variant Fund, said: I guess the SEC will reject the SOL ETF application on the grounds of lack of futures market. Hasseb Qureshi, partner of Dragonfly Capital, said that there is a better reason to prove that BTC and ETH-based ETFs meet the SECs market monitoring requirements because the trading futures market for these assets is already well developed, but if there is no listed futures market, it will not meet the market monitoring standards. (theblock)