SEC’s inaction on Solana ETF filings signals likely rejection, echoing past disapproval.
Disappearance of key documents from CBOE raises concerns about the Solana ETF’s future.
After the spark of hope for Solana ETF approval and PayPal’s Stablecoin Boost fueling expectations for a SOL rally to $175 in our recent discussion, VanEck and 21Shares submitted a Form 19b-4 to the SEC on July 8 to launch a Solana ETF on the CBOE. This form, which follows the initial S-1 filing, is required for proposing a new exchange-traded product.
However, in a turn of events, the SEC has not published a filing notice for this Solana ETF, signaling a potential rejection. The absence of this notice is a significant indicator that the Solana ETF may not be approved. This marks VanEck and 21Shares’ second attempt to launch a Solana ETF, following a previous rejection.
Despite the success of Bitcoin and Ethereum ETFs, the SEC remains hesitant to approve an ETF for Solana, possibly due to its classificat
Kraken Picks Optimism for New Layer-2 Network, Joining Coinbase’s Base on 'Superchain’
The disclosure comes nearly a year after CoinDesk broke the news that Kraken was considering its own layer-2…
