The CBOE has lodged two applications for a spot Solana ETF and one analyst says the outcome depends on whether or not Trump wins the elections.
Bloomberg ETF analyst Eric Balchunas maintains the outcome will likely be decided based on whether Trump is elected President in November. Spot Solana exchange-traded funds should see a final decision deadline around the middle of March next year after the Chicago Board Options Exchange filed applications on Monday to list VanEck and 21Shares' proposed ETFs.
in January and May, respectively. It said that Solana’s decentralization, throughput and speed made it resistant to manipulation that could harm investors. “Much like Bitcoin and ETH, the Exchange believes that SOL is resistant to price manipulation and that ‘other means to prevent fraudulent and manipulative acts and practices’ exist to justify dispensing with the requisite surveillance sharing agreement,” read both filings. The CBOE said much like Bitcoin and Ether, SOL would prove resistant to price manipulation. Source: CBOE ETF analyst Nate Geraci said once the SEC acknowledges the filings, the “decision clock will start ticking.” According to the SEC’s own rules, the agency will have 240 days to decide whether or not to approve the rule change necessary for CBOE to list the products from VanEck and 21Shares.Senior Bloomberg ETF analyst Eric Balchunas warns that the likelihood of Solana ETF approval from the SEC depends heavily on whether or not Trump is elected as U.S. President in November.“Looks like Solana ETFs are going to have a final deadline of mid-March 2025. But between now and then the most date is in November,” Balchunas wrote in a July 9Balchunas said that if Biden wins the election, the Solana ETFs will likely be “dead on arrival,” but if Trump wins, anything is possible. In a June 27 research report, crypto market maker GSR Markets predicted the approval and subsequent launch of Solana exchange-traded funds in the United States could
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