The post Solana ETF is Not Coming SOON : Filing Documents Removed! appeared first on Coinpedia Fintech News
Solana ETFs might not be hitting the market soon. It looks like the SEC is not ready to approve a third crypto ETF. Even though BTC and ETH ETFs are rocking the market, filing of Solana ETF has been removed from CBOE website.
Application For SOL ETF
On July 8th this year, VanEck and 21Shares submitted form 19b-4 to SEC. These firms filed the forms to launch and trade Solana ETF on CBOE. Form 19b-4 is the second form filling to notify the SEC of a proposed rule change for a new exchange product. Before this, filing of form S-1 is required. VanEck filed S-1 on 27 June followed by 21Shares on 29th. Once these forms are submitted to the Securities and Exchange Commission, they have to issue filling notice to confirm receipt of the filings. After these, the regulators have a time frame of 240 calendar days to approve or reject the product.
Signals of Rejection
The SEC n
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