Cboe Re-files Spot Solana ETF for These 4 Firms
Cboe BZX Exchange has resubmitted applications for four firms aiming to launch a spot Solana ETF. The filings, submitted under the SEC’s 19b-4 process, include proposals for the VanEck Solana Trust, Canary Solana Trust, Bitwise Solana ETF, and 21Shares Core Solana ETF.
The new filings aim to restart the regulatory process after prior applications for these Solana ETFs were rejected in 2024.
Background
Applications for the VanEck Solana Trust, Canary Solana Trust, Bitwise Solana ETF, and 21Shares Core Solana ETF had previously been pulled in 2024 at the SEC’s request. One anonymous issuer noted that all filings were withdrawn to address concerns raised by the SEC.
These renewed submissions suggest an effort to address potential regulatory challenges.
What’s Next?
If acknowledged by the SEC, the 19b-4 process will officially start the timeline for a decision. The filings will also be published in the Federal Register, allowing a comment period.
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Conclusion
The resubmission of applications for spot Solana ETFs by Cboe BZX Exchange marks a significant development in the regulatory landscape for cryptocurrency-based exchange-traded funds (ETFs). The renewed filings aim to address concerns raised by the SEC and restart the regulatory process.
The outcome of these filings will have significant implications for the cryptocurrency market and investors seeking exposure to Solana (SOL).
FAQs
Q: What is the purpose of the resubmitted applications?
A: The resubmitted applications aim to restart the regulatory process and address concerns raised by the SEC.
Q: What are the implications of the resubmitted applications?
A: The outcome of these filings will have significant implications for the cryptocurrency market and investors seeking exposure to Solana (SOL).
Q: What is the next step in the regulatory process?
A: If acknowledged by the SEC, the 19b-4 process will officially start the timeline for a decision. The filings will also be published in the Federal Register, allowing a comment period.
