USD Chart

By defining cryptocurrencies under the Capital Markets Law, the government aims to bring clarity and legitimacy to digital financial instruments.

If approved, Solana ETFs could attract a significant influx of capital from institutional investors who have been cautious about entering the cryptocurrency market due to regulatory uncertainties and market volatility. 

The move is a significant diversification strategy for Sony, which is valued at over $100 billion, and is known globally for its contributions in games, music, and cameras.