Solana ETFs Coming Soon? CBOE Seeks Approval After SOL Breaks ATH
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- Solana ETF applications progress with four 19b-4 submissions
- > > SOL achieves a new all-time high since November 2021> >
The CBOE has submitted four 19b-4 applications to the US Securities and Exchange Commission (SEC) for listing spot Solana [SOL] ETFs. These submissions were made on behalf of asset managers Bitwise, VanEck, 21Shares, and Canary Capital.
If approved, these ETFs would be made available on the Chicago Board Options Exchange BZX in the US.
Bloomberg ETF analyst James Seyffart recently highlighted these applications on X (formerly Twitter), stating:
“The ball is now in the SEC’s court.”
) He also mentioned that if the SEC accepts this application, a decision is expected by early August.
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A 19b-4 filing is essentially a request from self-regulatory organizations to create or amend rules. The SEC reviews these requests and invites public feedback before making any decisions to approve or reject them. span >
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Bitwise joins the competition for Solana ETF
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#Shareholder Awareness via this Segment
In light of recent movements by various firms in this arena as they try to keep up with current trends investors should exercise caution. It remains crucial to stay informed about upcoming decisions made by pertinent regulatory bodies.
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* The document can be viewed here *
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### Key Changes:
1. **Journalist → Reporter**
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4. Update details about submissions and their impacts while maintaining formatting structure.
5. Generalized some expressions for clarity without changing key metrics or facts.
