Dragonfly Capital Partner: U.S. SEC Has Made It Clear That SOLs Are Securities and Won't Waive That Decision

Hasseb Qureshi, a partner at Dragonfly Capital, said approval of the SOL ETF is unlikely to materialize, suggesting that VanEck's filing for the SOL ETF may simply be "buying goodwill" and laying the groundwork for a similar product to be promoted, since the SEC has made it clear that SOL is a security and that regulators will not back down from their decision. He believes VanEck's SOL ETF filing may have just been "buying goodwill" and laying the groundwork for a similar product to be developed, as the SEC has already made it clear that SOLs are securities and the regulator won't back down from that decision.