Crypto Blog
This follows the Chicago Board Options Exchange filing applications on Monday to list VanEck and 21Shares’ proposed ETFs.Bloomberg ETF analyst Eric Balchunas noted that Solana ETFs are expected to have a final deadline of mid-March 2025.
However, he emphasized that November is the most significant date in the interim. Looks like Solana ETFs are going to have a final deadline of mid-March 2025. But between now and then the most imp date is in November. If Biden wins, these likely DOA. If Trump wins, anything poss.The CBOE submitted two Form 19b-4 applications on July 8, one for the 21Shares Core Solana ETF and another for the VanEck Solana Trust. These prospective funds are likened to the previously approved spot Bitcoin and spot Ether ETFs, which received the SEC’s approval in January and May, respectively. “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.Under SEC rules, the agency has 240 calendar days to decide whether to approve or deny the CBOE’s 19b-4 application to list the products from VanEck and digital asset manager 21Shares. These are the first proposed ETF products tied to the price of Solana, the fifth-largest cryptocurrency.Senior Bloomberg ETF analyst Eric Balchunas provided further insight, stating that the outcome of the November presidential election could play an important role.that Solana’s price could increase nine times with potential ETF approvals, similar to the historical price surge seen with Bitcoin.the crypto industry by figures like former President Donald Trump has softened opposition from Democrats, leading to bipartisan support for regulatory frameworks that could enable new crypto opportunities, setting the stage for Solana ETF approvals. “We are now addressing the increasing investor interest in Solana – one of the most actively traded cryptocurrencies after Bitcoin and Ether,” said Rob Marrocco, global head of ETP Listings at CBOE.with the SEC in June to launch the new products. The SEC must also approve their S-1 filings before the products can begin trading.Best AI Crypto Coins in 2024: Top 9 Projects to WatchSign-up FREE to receive our extended weekly market update and coin analysis report Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
Please follow us on Google to support us United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin ETF issuer VanEck files for Solana ETF in the USBitcoin ETF issuer VanEck has filed for a Solana (SOL) ETF with the U.S. SEC, declaring that SOL is a commodity like Bitcoin and Ether.
Read more »
Breaking: VanEck files for Solana ETF in the USGlobal investment management firm VanEck has filed for a new Solana (SOL) exchange-traded fund (ETF) in the US, the firm's head of digital assets research, Matthew Sigel, said on Thursday in its official Twitter account.
Read more »
VanEck Files for Solana ETF, SOL Rises 8%Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
Read more »
Solana ETF possible with a change in POTUS, SEC: BalchunasA spot Solana ETF could be possible in 2025 under a new United States President and change in SEC leadership, says Bloomberg ETF analyst Eric Balchunas.
Read more »
Spot Solana ETF might 9X the price of SOL: GSR MarketsSolana’s price could increase by nearly nine times should the SEC allow the trading of a spot Solana ETF.
Read more »
Analyst tips Solana ETF deadline for mid-March after new filingsThe 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.
Read more »