From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

The US Securities and Exchange Commission (SEC) has officially recognized the 19b-4 filings submitted by the New York Stock Exchange (NYSE) to list and trade the Grayscale Solana and Litecoin exchange-traded fund (ETF).

On February 6, the regulatory body called for public feedback on both filings. Comments must be submitted within 21 days following their publication in the Federal Register.

First SEC Acknowledgment for Solana ETFs

The SEC’s acknowledgment marks a first for Solana (SOL) ETFs, making it a significant development.

“This is actually newsworthy because the SEC had refused to do this in recent filing attempts for SOL,” Bloomberg ETF analyst James Seyffart wrote on X.

He further suggested that this decision could indicate a positive shift for exchanges or firms facing SEC lawsuits that label Solana as a security. Fox Business journalist Eleanor Terrett echoed this sentiment, calling the move “very noteworthy.”

“The same SEC asked the CBOE  to withdraw issuers’ Solana filings just a few weeks ago when Gensler was still at the helm,” Terrett explained.

Bloomberg’s senior ETF analyst Eric Balchunas also agreed. He emphasized the significance of the SEC’s recognition of a product tied to a digital asset previously labeled a “security.”

“So we are now in new territory, albeit just a baby step, but seemingly the direct result of leadership change,” Balchunas remarked.

The SEC’s move comes after the Chicago Board Options Exchange (Cboe) refiled 19b-4 applications for Solana ETFs on behalf of Bitwise, VanEck, 21Shares, and Canary Capital. 

Meanwhile, Gary Gensler’s departure has triggered a surge in ETF filings. This is because many anticipate a more favorable stance toward crypto-related products.

Seyffart estimated that the final deadline for a decision on the Solana ETF application would likely be around October 11.

Grayscale Litecoin ETF Gets Initial Nod

In addition to the Solana ETF, the SEC has acknowledged the NYSE’s 19b-4 filing to list and trade shares of the Grayscale Litecoin Trust. This marks the second acknowledgment of a Litecoin (LTC) ETF. 

According to Seyffart, spot Litecoin ETF could be the next to gain regulatory approval.

“Sticking to my call/view that Litecoin will be the next digital asset to be approved by the SEC for a spot ETF wrapper,” Seyffart posted.

Meanwhile, on the same day, the SEC acknowledged Nasdaq’s 19b-4 filing to allow in-kind creations and redemptions on the iShares Bitcoin Trust ETF (IBIT). Nate Geraci, president of The ETF Store, noted that while this was a step forward, it was long overdue.

“Ridiculous we’re still doing cash creates & redeems,” Geraci stated.

The SEC’s acknowledgment of the Grayscale Solana ETF and Litecoin Trust filings is a positive step forward. Nonetheless, regulatory approval is still far off. Whether the new SEC under President Trump would accelerate the approval of altcoin ETFs remains to be seen.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.