SOL Jumps 5% on Report of Spot ETF Development

Solana's SOL token surged 5% after a report revealed that U.S. regulators are advancing the process for spot SOL ETFs. The SEC has requested amendments to S-1 filings from prospective issuers, with comments expected within 30 days, according to the Blockworks report. CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.