How it Works
Discover
Ripple
August 18, 2024
Ripple News - August 18, 2024
Ripple-backed Solana ETFs are expected to gain approval in the United States by the end of 2024, following recent successes in Brazil. This potential milestone could offer investors new opportunities in the cryptocurrency market. Stay tuned for comprehensive coverage and expert insights.
() Introduction
() Ripple-Backed Solana ETFs Expected to Gain US Approval by End of 2024
On August 17, 2024, Manthan Dave, co-founder of Palisade, a digital asset custody platform supported by Ripple, expressed optimism about the approval of Solana-based ETFs in the United States by the end of the year. This follows the recent approval of Spot Solana ETFs in Brazil, highlighting a growing interest in Solana and the need for diverse investment solutions in cryptocurrency. Dave noted that the upcoming US GOP presidential election season and general market sentiment could influence the timing of the approval. If approved, it would mark a significant step forward for Solana and its ecosystem, providing investors with a new method to assess and diversify their portfolios with the digital asset.
Disclaimer
Investing in private securities is speculative, illiquid, and involves risk of loss. An investment with Linqto is a private placement and does not grant or transfer ownership of private company stock. No guarantee is made that a company will experience an IPO or any liquidity event.
Linqto leverages advanced artificial intelligence (AI) technologies to generate Unicorn News to summarize updates about private companies. The news summaries and audio are both AI generated, based on the source(s) listed.
