SOL ETF

Solana

<ul>
 <li>The SOL ETF files from VanEck and 21Shares have vanished from the CBOE website, and their status remains unknown.</li>  
 <li>There is a likelihood that these records will be pulled because the SEC has not sent out alerts about them.</li>  
 <li>Experts say the move illustrates ongoing legal challenges for US cryptocurrency exchange-traded funds.</li> 
</ul>  
<p>The CBOE website no longer hosts the Solana ETF documents from VanEck and 21Shares. There are no longer direct links to these reports, SR-CboeBZX-2024-066 and SR-CboeBZX-2024-067, or access to them in the BZX Pending Rule Changes area. This disappearance has raised questions about whether these filings have been withdrawn or are facing other issues.</p>  
<h2 class="wp-block-heading" id="h-filing-process-and-missing-notices">Filing Process and Missing Notices</h2>  
<p>VanEck and 21Shares had presented their 19b-4 petitions on July 8 after sending in their S-1 documentation in June. These forms are important in the ETF approval process. The S-1 form outlines the request, while the 19b-4 response informs the <a href="https://cryptonewsland.com/the-controversial-ripple-ruling-why-kelleher-thinks-sec-will-prevail-on-appeal/" target="_blank" rel="noopener noreferrer nofollow">SEC </a>about a proposed rule change by a self-regulatory organisation. After the 19b-4 filing, the SEC usually opens a 240-day review window.</p>  
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<p>However, the SEC has not issued any Notices of Submission for these Solana ETFs. The absence of these notices along with the removal of the documents from the CBOE website has led to speculation that the applications may have been withdrawn. This has caused uncertainty among traders about the destiny of these ETFs.</p>  
<h2 class="wp-block-heading" id="h-expert-reactions-and-market-impact">Expert Reactions and <a href="https://cryptonewsland.com/turkeys-crypto-market-grows-coinbase-and-kucoin-join-the-list/" target="_blank" rel="noopener noreferrer nofollow">Market</a> Impact</h2>  
<p>Scott Johnsson, General Counsel at Van Buren Capital, commented on the situation and suggested that this development is not surprising. He linked it to the regulatory environment under SEC Chair Gary Gensler. Johnsson indicated that Gensler, who is cautious about cryptocurrency-related products, may have considered rejecting these ETFs.</p>  
<h2 class="wp-block-heading" id="h-market-outlook-and-future-considerations">Market Outlook and Future Considerations</h2>  
<p>The removal of these filings happened during a volatile time for Solana. Its price has decreased, down 3% over the last day to trade at $139.51. The fear and greed index dropped to 25, indicating investor concern and a bearish outlook for the overall market.</p>  
<p>VanEck and 21Shares had hoped to benefit from the growing interest in cryptocurrency ETFs. However, experts like Katalin Tischhauser from Sygnum Bank believe that approval for a Solana ETF may not come until 2026. She points to low demand for Solana ETFs among traditional investors and long regulatory processes as reasons for the delay.</p>  
<p>The changing U.S. political environment may also affect future ETF decisions. Bloomberg Intelligence analyst Eric Balchunas noted that the SEC’s approval of Ethereum spot ETFs in May was likely influenced by political debates on crypto. The upcoming U.S. elections may change the legislative conditions for digital currencies products, including Solana ETFs.</p> 
<p>The post <a href="https://cryptonewsland.com/the-solana-etf-authorisations-for-vaneck-and-21shares-removed-from-the-cboe-website/" rel="noopener noreferrer nofollow">The Solana ETF Authorisations for Vaneck and 21SHARES&nbsp; Removed From the Cboe Website.</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

The Solana ETF Authorisations for Vaneck and 21SHARES Removed From the Cboe Website.

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