Solana

Bitcoin

<p>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.</p>
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     <p lang="en" dir="ltr">Forms 19b-4 for VanEck and 21Shares Solana ETFs appear to have been removed from the CBOE website. <br><br>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.<br><br>Another interesting thing is… <a href="https://t.co/t81kVGJ3uH" rel="noopener noreferrer nofollow">pic.twitter.com/t81kVGJ3uH</a></p>— Summers (@SummersThings) <a href="https://twitter.com/SummersThings/status/1824596192929464581?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 16, 2024</a>
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  The future of VanEck’s Solana ETFs uncertain
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<h2 id="h-vaneck-still-determined-to-launch-a-solana-etf">VanEck still determined to launch a Solana ETF</h2>
<p>The CBOE has just <strong>removed the 19b-4 file</strong> from its site, sparking speculation about the potential abandonment of the Solana ETF. Unfortunately, this news has not shaken the confidence of the company <a href="https://www.cointribune.com/en/crypto-vaneck-files-for-a-solana-etf/" target="_blank" rel="noopener noreferrer nofollow">VanEck</a>.</p>
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<p>Matthew Sigel, head of digital asset research at VanEck, quickly clarified the situation. According to his <a href="https://twitter.com/matthew_sigel/status/1825630561865715912" target="_blank" rel="noopener noreferrer nofollow">statements</a>, the withdrawal of the 19b-4 file does not mark the end of the Solana ETF project. On the contrary, VanEck <strong>continues to actively pursue</strong> SEC approval. It is working closely with its exchange partners to ensure that the project meets all legal requirements.</p>
<h2 id="h-solana-etf-a-promising-asset-ready-to-enter-the-crypto-market">Solana ETF: A promising asset ready to enter the crypto market</h2>
<p>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.</p>
<p>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.</p>
<p>The launch of a Solana ETF by VanEck could therefore <strong>mark a turning point for this asset</strong>:</p>
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 <li>by offering it increased visibility,</li>
 <li>by facilitating access for <a href="https://www.cointribune.com/en/crypto-solana-etfs-struggle-to-convince/" target="_blank" rel="noopener noreferrer nofollow">traditional investors</a> to this cryptocurrency.</li>
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<p>By integrating Solana into an ETF, VanEck indeed aims to capitalize on its unique characteristics.</p>
<p>The <a href="https://www.cointribune.com/en/the-solana-etf-is-coming-launch-date-set-for-march-2025/" target="_blank" rel="noopener noreferrer nofollow">launch</a> 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.</p>

Crypto: VanEck Sticks with Solana ETFs Despite Hurdles!

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