Follow Grayscale news, including ETF conversions, fund flows, legal wins, product strategy, and institutional crypto investment trends.
The SEC acknowledged a Nasdaq filing from July 16, prompting a 45-day period for response, extendable up to 90 days.
Gino Matos 2 min read 
BlackRock now joins a list of similar requests from issuers such as Bitwise, Grayscale, and 21shares.
Ethereum ETFs took 12 trading days to capture over $1 billion in inflows, beating the previous billion mark by three trading sessions.
The record comes amid US-traded spot Bitcoin ETFs touching $1.2 billion in inflows on July 10.
Grayscale asserts SEC delays harm investors, hints at legal action to expedite ETF launch.
Despite the increase, the net inflow amount represents 0.05% of Solana's total market cap, well below the proportions registered by Bitcoin and Ethereum ETFs.
According to James Seyffart, the regulator could be waiting to formalize a framework to fast-track crypto ETF approvals before give full clearance to Grayscale.
According to ETF analysts, such a standard would be very good news to the market and it is what everyone wants.
The approval marks the first multi-crypto basket index to trade as an ETF in the US.
