Forms 19b-4 for VanEck and 21Shares Solana ETFs appear to have been removed from the CBOE website.
— Summers (@SummersThings) August 16, 2024
Documents SR-CboeBZX-2024-066 & SR-CboeBZX-2024-067 aren’t accessible anymore via direct link, and are no longer visible in BZX Pending Rule Changes.
Another interesting thing is… pic.twitter.com/t81kVGJ3uH
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Crypto: VanEck Sticks with Solana ETFs Despite Hurdles!
Wed 21 Aug 2024 ▪
3
min read ▪ by
Getting informed
▪
Invest
The Solana ETF proposed by VanEck faces major regulatory hurdles. Nevertheless, the asset manager is not giving up. This bold crypto project reflects the company’s confidence in the potential of Solana, a rapidly expanding digital asset.
VanEck still determined to launch a Solana ETF
The CBOE has just removed the 19b-4 file from its site, sparking speculation about the potential abandonment of the Solana ETF. Unfortunately, this news has not shaken the confidence of the company VanEck.
Matthew Sigel, head of digital asset research at VanEck, quickly clarified the situation. According to his statements, the withdrawal of the 19b-4 file does not mark the end of the Solana ETF project. On the contrary, VanEck continues to actively pursue SEC approval. It is working closely with its exchange partners to ensure that the project meets all legal requirements.
Solana ETF: A promising asset ready to enter the crypto market
Solana is increasingly seen as a promising asset in the world of cryptocurrencies. For some cryptography experts, it is perfectly capable of competing with giants like Bitcoin and Ethereum.
Admittedly, Solana’s market capitalization is still far from that of these two market leaders. Nevertheless, it benefits from advanced blockchain technology and a growing ecosystem that attracts the attention of investors.
The launch of a Solana ETF by VanEck could therefore mark a turning point for this asset:
- by offering it increased visibility,
- by facilitating access for traditional investors to this cryptocurrency.
By integrating Solana into an ETF, VanEck indeed aims to capitalize on its unique characteristics.
The launch of a Solana ETF could have significant repercussions on the crypto market. However, the approval of the Solana ETF is far from guaranteed. The regulatory process is rigorous, and the SEC has so far taken a cautious approach to crypto ETFs.
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Je m'appelle Ariela et j'ai 31 ans. J'oeuvre dans le domaine de la rédaction web depuis maintenant 7 ans. Je n'ai découvert le trading et la cryptomonnaie que depuis quelques années. Mais c'est un univers qui m'intéresse beaucoup. Et les sujets traités au sein de la plateforme me permettent d'en apprendre davantage. Chanteuse à mes heures perdues, je cultive aussi une grande passion pour la musique et la lecture (et les animaux !)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.