Functions for the primary Solana (SOL) exchange-traded funds (ETFs) on the Chicago Board Choices Trade (CBOE) have been filed with the U.S. Securities and Trade Fee (SEC).
In line with new filings with the Cboe, each VanEck and 21Shares utilized for Solana futures ETFs yesterday.
VanEck government Matthew Sigel additionally confirmed for the Solana ETF submitting on the social media platform X.
“We at VanEck are happy to announce that CBOE simply filed our 19b-4 to checklist and commerce shares of the FIRST Solana exchange-traded fund within the US!
We look ahead to partaking with the SEC through the evaluation interval.”
In line with Bloomberg ETF analyst Eric Balchunas, the Solana ETF response deadline from the SEC is within the spring of subsequent yr.
“Seems to be like Solana ETFs are going to have a last deadline of mid-March 2025. However between at times an important date is in November. If Biden wins, these doubtless DOA. If Trump wins, something attainable.”
VanEck’s Sigel beforehand stated that the agency’s Solana ETF submitting was a part of a wager that Donald Trump would win the 2024 election and implement crypto-friendly laws and set up pro-crypto executives inside his administration.
Bloomberg’s Balchunas stated he thought the submitting was “a name choice on the POTUS election.”
“The knee-jerk response right here is: ‘oh, it will by no means be authorised as a result of there aren’t Solana futures.’ Agree, but when [there’s a] change at POTUS (President of the US) I feel something [is] attainable. Simply think about [SEC Commissioner] Hester Peirce (or somebody like that) operating the SEC.”
SOL is buying and selling for $142 at time of writing, up 5% within the final 24 hours.
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