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<ul> 
 <li>SEC’s inaction on Solana ETF filings signals likely rejection, echoing past disapproval.</li> 
 <li>Disappearance of key documents from CBOE raises concerns about the Solana ETF’s future.</li> 
</ul> 
After the spark of hope for Solana ETF approval and PayPal’s Stablecoin Boost fueling expectations for a SOL rally to $175 in our recent <a href="https://www.crypto-news-flash.com/solana-etf-approval-and-paypals-stablecoin-boost-sparks-hopes-for-sol-rally-to-175/">discussion</a>, VanEck and 21Shares submitted a Form 19b-4 to the SEC on July 8 to launch a Solana ETF on the CBOE. This form, which follows the initial S-1 filing, is required for proposing a new exchange-traded product. 
However, in a turn of events, the SEC has not published a filing notice for this Solana ETF, signaling a potential rejection. The absence of this notice is a significant indicator that the Solana ETF may not be approved. This marks VanEck and 21Shares’ second attempt to launch a <a href="https://www.crypto-news-flash.com/solana-etf-approval-and-paypals-stablecoin-boost-sparks-hopes-for-sol-rally-to-175/">Solana ETF</a>, following a previous rejection. 
Despite the success of Bitcoin and Ethereum ETFs, the SEC remains hesitant to approve an ETF for Solana, possibly due to its classification as a security. In a recent <a href="https://x.com/NateGeraci/status/1824652676728045961?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1824652676728045961%7Ctwgr%5E378d12db3d1a829ccdbdca8fa782063e9da7b390%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinpedia.org%2Fnews%2Fsolana-etf-is-not-coming-soon-filing-documents-removed%2F">tweet</a>, Nate Geraci, President of ETF Store and Host of ETF Prime, stated, 
<blockquote>
 Solana ETF not happening anytime soon under the current administration.
</blockquote> 
<h2 id="strong-current-and-future-prospects-strong">Current and Future Prospects</h2> 
An X account from SummersThings shared that the Forms 19b-4 for VanEck and 21Shares Solana ETFs seem to have been removed from the CBOE website. Documents SR-CboeBZX-2024-066 and SR-CboeBZX-2024-067 are no longer accessible via direct links and are absent from BZX Pending Rule Changes. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 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">pic.twitter.com/t81kVGJ3uH</a> 
 — Summers (@SummersThings) <a href="https://twitter.com/SummersThings/status/1824596192929464581?ref_src=twsrc%5Etfw">August 16, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Additionally, although these a<a href="https://www.crypto-news-flash.com/could-solana-hit-250-brazils-solana-etf-approval-marks-a-turning-point-is-the-u-s-next-in-line/">pplications</a> were filed on July 8, the SEC never issued Notices of Filing for them. This raises the question of whether the 19b-4 forms were withdrawn. SOL’s price surged by 1.08% in the past day to $142.87, with a decrease of 0.86% over the past week. See SOL price chart below. 

<div class="cryptoboxes" id="mcw-126000" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="solana" data-symbol="SOL" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="month" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Solana ETF Faces Setback as Filing Documents Disappear from CBOE

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