ETFs
First Solana (SOL) ETFs filed with Cboe by investment giants VanEck and 21Shares
Applications for the first Solana (GROUND) exchange-traded funds (ETFs) on the Chicago Board Options Exchange (CBOE) have been filed with the U.S. Securities and Exchange Commission (SEC).
According to new documents filed with the Cboe, the two Van Eck And 21 Shares I applied yesterday for Solana futures ETFs.
Matthew Sigel, VanEck’s executive director, also confirmed for the filing of the Solana ETF on the social media platform X.
“At VanEck, we are pleased to announce that the CBOE has just filed its Form 19b-4 to list and trade shares of the FIRST Solana exchange-traded fund in the United States!
We look forward to working with the SEC during the review period.”
According to Bloomberg ETF analyst Eric Balchunas, the Solana ETF response time The SEC is expected to release its report next spring.
“It looks like the Solana ETFs will have a final marketing deadline of mid-March 2025. But until then, the most important date is November. If Biden wins, they’re probably dead. If Trump wins, anything is possible.”
VanEck’s Sigel previously said the company’s Solana ETF filing was part of a bet that Donald Trump would win the 2024 election and implement crypto-friendly regulations and install pro-crypto leaders within his administration.
Bloomberg’s Balchunas said he thought the case was “a call on the election of the president of the United States.”
“The knee-jerk reaction here is, ‘Oh, this will never get approved because there’s no future for Solana.’ Okay, but if [there’s a] change in POTUS (President of the United States) I think that everything [is] It is possible. Imagine [SEC Commissioner] Hester Peirce (or someone like that) who runs the SEC.
SOL is trading at $142 at the time of writing, up 5% in the last 24 hours.
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