EddieJayonCrypto
22 Nov 24
VanEck and 21Shares are seeking to launch Solana-focused ETFs in the US, filing proposals with the Chicago Board Options Exchange (Cboe) after previous applications with the SEC. The move indicates progress, with Cboe's role in ensuring regulatory and operational standards. This development follows ...
VanEck and 21Shares are intensifying efforts to introduce Solana-focused ETFs (exchange-traded funds) in the US. The firms filed their proposals with the Chicago Board Options Exchange (Cboe) following earlier applications with the Securities and Exchange Commission (SEC). Filing with the Cboe signals progress, as the exchange plays a crucial role in ensuring these ETFs meet regulatory and operational standards before market listing. VanEck, 21Shares, Bitwise, and Canary Capital have filed for Solana ETFs on the Cboe BZX Exchange. This development reflects a growing interest in cryptocurrency investment offerings and awaits the SEC's formal acceptance. If successful, these filings could bolster Solana’s standing in the crypto ecosystem, potentially driving liquidity and influencing broader market trends. Approval could come as early as August 2025, paving the way for increased access to Solana-related assets through ETFs. The resurgence of crypto enthusiasm, partly attributed to Donald Trump’s political comeback, has fueled optimism in the sector. The Trump administration’s focus on deregulation has sparked hopes for a more favorable environment for cryptocurrency innovations, including ETFs. The SEC’s decision on Solana ETFs will likely set a precedent for future cryptocurrency-related ETFs, democratizing access to Solana investments for institutional and retail investors alike.