Functions for the primary Solana (SOL) exchange-traded funds (ETFs) on the Chicago Board Choices Change (CBOE) have been filed with the U.S. Securities and Change Fee (SEC).
In accordance with new filings with the Cboe, each VanEck and 21Shares utilized for Solana futures ETFs yesterday.
VanEck government Matthew Sigel additionally confirmed for the Solana ETF submitting on the social media platform X.
“We at VanEck are happy to announce that CBOE simply filed our 19b-4 to record and commerce shares of the FIRST Solana exchange-traded fund within the US!
We stay up for partaking with the SEC in the course of the evaluation interval.”
In accordance with Bloomberg ETF analyst Eric Balchunas, the Solana ETF response deadline from the SEC is within the spring of subsequent 12 months.
“Looks like Solana ETFs are going to have a final deadline of mid-March 2025. But between now and then the most important date is in November. If Biden wins, these likely DOA. If Trump wins, anything possible.”
VanEck’s Sigel beforehand stated that the agency’s Solana ETF submitting was a part of a wager that Donald Trump would win the 2024 election and implement crypto-friendly laws and set up pro-crypto executives inside his administration.
Bloomberg’s Balchunas stated he thought the submitting was “a call option on the POTUS election.”
“The knee-jerk reaction here is: ‘oh, this will never be approved because there aren’t Solana futures.’ Agree, but if [there’s a] change at POTUS (President of the United States) I think anything [is] possible. Just imagine [SEC Commissioner] Hester Peirce (or someone like that) running the SEC.”
SOL is buying and selling for $142 at time of writing, up 5% within the final 24 hours.
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