Solana

Spot

Coin

<ul class="wp-block-list news-points"> 
 <li>The SEC discussed concerns over Solana’s possible status as a security.</li> 
 <li>The Cboe BZX removed the Solana ETFs’ 19b-4 filings following the SEC-ETF issuers meeting.</li> 
 <li>VanEck assures that their plans for the Solana ETF are “still in play.”</li> 
</ul> 
The SEC’s worries over Solana’s (SOL) security status have put the brakes on the proposed Solana ETFs applications from VanEck and 21Shares. 
Following a meeting with potential issuers, the SEC’s concerns led the Cboe BZX Exchange to hold off on submitting the necessary 19b-4 filings to the Federal Register. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Just In: <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SEC</a> had talks with <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Solana</a> <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ETF</a> issuers about its security concerns, leading to Cboe withdrawing 19b-4 filings. This puts <a href="https://twitter.com/hashtag/SolanaETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SolanaETF</a> approval on hold.<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a6.png" alt="🚦" class="wp-smiley" style="height: 1em; max-height: 1em;"> Issuers expected setbacks given SEC’s previous stance on Solana as a <a href="https://twitter.com/hashtag/security?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#security</a>. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Crypto</a>…— Coin Edition: Your Crypto News Edge (@CoinEdition) <a href="https://twitter.com/CoinEdition/status/1825701186336383414?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 20, 2024</a>
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Asset managers like VanEck and 21Shares, who have <a href="https://coinedition.com/solana-etf-filing-news-vaneck-and-21shares-submit-applications-to-sec/">already launched</a> both Bitcoin (BTC) and Ether (ETH) Spot ETFs, had applied for Solana ETFs. VanEck filed the S-1 form on June 27, 2024, and 21Shares followed suit on June 28. The SEC had also confirmed receiving 19b-4 filings from these investm…
The post <a href="https://coinedition.com/secs-solana-concerns-stall-etf-launch/">SEC’s Solana Concerns Stall ETF Launch</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SEC’s Solana Concerns Stall ETF Launch

Coin Edition

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