Following 2024 rejections, Cboe resubmits applications for approval for 21Shares, Canary, VanEck, and Bitwise Solana ETF using the SEC’s 19b-4 process.
Applications for four companies looking to introduce a spot SOL ETF have been resubmitted to the Cboe BZX Exchange. Applications for the Bitwise ETF, VanEck Solana Trust, 21Shares Core ETF, and Canary Solana Trust are filed under the SEC’s 19b-4 process.
Following the 2024 rejection of earlier applications for these Sol ETFs, the fresh filings seek to restart the regulatory procedure.
Cboe Re-files Four Company’s Spot Solana ETF
Cboe BZX Exchange has filed amended applications for four Solana ETFs under the SEC’s 19b-4 process, per a filing dated January 28. To give investors direct exposure to Solana (SOL), the proposals seek to list exchange-traded funds with a concentration in Solana.
In 2024, the SEC requested that filings for the VanEck Solana Trust, 21Shares Core Solana ETF, Canary Solana Trust, and Bitwise ETFs be withdrawn.
In response to the SEC’s concerns, all filings were withdrawn, according to one unidentified issuer. These updated submissions imply an attempt to resolve possible legal issues.
If the SEC approves, the 19b-4 procedure will formally begin decision-making. The applications will also be released to the Federal Register to allow for a comment period.
Check back for more updates!!
