The post Cboe files for VanEck and 21Shares Solana ETFs with the U.S. SEC appeared on BitcoinEthereumNews.com.

The Chicago Board Options Exchange (Cboe) submitted Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to list spot Solana ETFs for asset managers VanEck and 21Shares. The filings, made on July 8, will kick-start the process to accept or reject the listing and trading of Solana ETFs on Cboe.   Also read: Metaplanet Inc. directors authorize BTC purchases worth ¥1 billion using bond proceeds  VanEck and 21Shares expressed their willingness to engage with the U.S. SEC during the review period. These filings are for the first applications for spot Solana ETFs. On June 27, VanEck and 21Shares filed Form S-1 with the U.S. SEC. SOL’s price looks to be in recovery since the June 27 announcement, with the July 8 filing leading to a price boost for the coin. SOL is trading at $141.05 at the time of writing, up about 0.8% in the past 24 hours. Despite the announcements, the coin is still down 11% in the past 1 month.  Upcoming elections may determine the decision on Solana ETFs According to Matthew Sigel, the Head of Digital Asset Research at VanEck, the upcoming elections may significantly influence the SEC’s decision. During a Bloomberg interview on July 4, Sigel expressed his worry about Solana being an unregistered security. He mentioned that SOL’s lack of futures market regulation could lead to hurdles during this reviewing period. Matthew divulged that other commodities with ETFs in the market, including traditional assets, do not have futures market regulation. Since Solana is not a security, he hopes the U.S. SEC will treat it as such and approve the ETF without futures market regulation. 🚨 NEW: @matthew_sigel, head of digital assets research at VanEck, suggests that the odds of a @solana ETF approval are higher without Gary Gensler at the SEC.pic.twitter.com/A6k76iDGtG — SolanaFloor (@SolanaFloor) July…

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Filed under: News - @ July 9, 2024 1:36 pm