SOL ETF

Solana

The filings for Solana exchange-traded funds (ETFs) by asset management firms 21Shares and VanEck have unexpectedly vanished from the Chicago Board Options Exchange (CBOE) website. This has left many in the financial world puzzled about what might be happening.
In June, Both companies filed S-1 forms seeking approval to launch Solana ETFs, with their applications referenced as SR-CboeBZX-2024-067 and SR-CboeBZX-2024-066.&nbsp;
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 Forms 19b-4 for VanEck and 21Shares Solana ETFs appear to have been removed from the CBOE website. Documents SR-CboeBZX-2024-066 &amp; 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… <a href="https://t.co/t81kVGJ3uH" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/t81kVGJ3uH</a>— Summers (@SummersThings) <a href="https://twitter.com/SummersThings/status/1824596192929464581?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 16, 2024</a>
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However, these documents are no longer accessible, and no Notices of Filings from the U.S. Securities and Exchange Commission (SEC) have been issued. This absence of documentation may indicate that either the applications were withdrawn by 21Shares and VanEck or that the SEC has rejected them.
The situation has drawn criticism from industry professionals including Matthew Sigel, Head of Research at VanEck, who expressed disappointment, especially since Brazil recently approved Solana ETFs.
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 As an American I am embarrassed to be beat to market by Brazil. This admin is winning lawsuits against Big Tech for antitrust, but won't allow open source alternatives to thrive. No consumer welfare argument you can make to justify that. Only micromanaging nanny state BS. <a href="https://t.co/SBH5LPYo20" target="_blank" rel="noopener noreferrer nofollow">https://t.co/SBH5LPYo20</a>— matthew sigel, recovering CFA (@matthew_sigel) <a href="https://twitter.com/matthew_sigel/status/1821985647021977602?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 9, 2024</a>
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Sigel suggested that the U.S. is falling behind other countries in regulating digital assets and criticized U.S. lawmakers for not supporting the growth of this sector.
Scott Johnsson, the General Counsel at Van Buren Capital, has also weighed in, blaming SEC Chair Gary Gensler for the situation. Johnsson speculated that there might have been procedural issues with how the applications were filed, leading to their removal from the CBOE website.
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 My guess on what is happening is Gary says SOL ETF is DOA under his watch (not surprising). <a href="https://t.co/g5Tz8Zjoqh" target="_blank" rel="noopener noreferrer nofollow">https://t.co/g5Tz8Zjoqh</a>— Scott Johnsson (@SGJohnsson) <a href="https://twitter.com/SGJohnsson/status/1824648846732828776?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 17, 2024</a>
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 Also Read: <a href="https://www.cryptotimes.io/2024/07/31/blackrock-has-no-immediate-plans-for-solana-etf-blackrocks-cio/" rel="noopener noreferrer nofollow">“BlackRock Has No Immediate Plans for Solana ETF” — BlackRock’s CIO</a>
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21Shares and VanEck Solana ETF Filings Removed from CBOE Website

The Crypto Times

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