Bitcoin

Solana

The CBOE has filed form 19b-4 for Solana ETFs with the SEC, with a decision expected by mid-March 2025. The chances of approval could improve if Trump wins the 2024 Presidential election. Amid these ETF developments, Solana’s price has risen by 6.47% in the past 24 hours, trading at $141.07.JOIN CRYPTOS HEADLINES<a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">TELEGRAM CHANNEL</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/95f13e558dbd4f5c9e248bf6371abde1.svg&#43;xml" />The Chicago Board Options Exchange (CBOE) has submitted form 19b-4 to the United States Securities and Exchange Commission (SEC) for Solana exchange-traded funds (ETFs). Form 19b-4 is used to notify the <a href="https://cryptosheadlines.com/sec-faces-pressure-to-change-crypto-regulation-after-ripple-ruling/" rel="noopener noreferrer nofollow">SEC about proposed rule changes from organizations that regulate</a> themselves. The SEC will use this form to seek public comments on the proposed changes and will publish all the feedback it receives.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5b1310c70d8540348c7def58d750bbd7.png" /><h3 id="solana-etf-approval-timeline-and-political-impact">Solana ETF Approval Timeline and Political Impact</h3>The CBOE has filed form 19b-4 for <a href="https://cryptosheadlines.com/ethereum-solana-etfs-market-sentiment-future-outlook/" rel="noopener noreferrer nofollow">Solana ETFs</a>, specifically for the first two issuers, VanEck and 21Shares. The SEC has until 2025 to respond to this request, following a process similar to that used for <a href="https://cryptosheadlines.com/us-sec-considers-spot-bitcoin-etf-filings-inadequate-report/" rel="noopener noreferrer nofollow">spot Bitcoin and Ethereum ETFs</a>.<a href="https://cryptosheadlines.com/chances-of-bitcoin-etf-approval-high-at-90-as-sec-nears-january-10-deadline/" rel="noopener noreferrer nofollow">ETF analysts believe that approval chances</a> may improve depending on the outcome of the November 2024 Presidential election. According to ETF analyst Eric Balchunas, “Looks like Solana ETFs are going to have a final deadline of mid-March 2025. But between now and then, the most important date is in November. If Biden wins, these are likely dead on arrival. If Trump wins, anything is possible.”<h3 id="updates-on-solana-etf-filing-and-market-impact">Updates on Solana ETF Filing and Market Impact</h3>Nate Geraci, President of the ETF Store, emphasized that once the SEC acknowledges the Solana ETF filings, the decision-making process will begin. Meanwhile, Solana’s price has increased by over 6.47% in the past 24 hours and is currently trading at $141.07.<a href="https://cryptosheadlines.com/chainlink-tops-developer-activity-in-rwa-altcoins/" rel="noopener noreferrer nofollow">Also Read: Chainlink Tops Developer Activity in RWA Altcoins</a>Last month, Matthew Sigel, VanEck’s chief of research, discussed the potential for a <a href="https://cryptosheadlines.com/solana-sol-tipped-as-potential-candidate-for-us-spot-etf/" rel="noopener noreferrer nofollow">Solana ETF</a> following the firm’s recent attempt to register a Solana ETF spot. He suggested that, given the smooth <a href="https://cryptosheadlines.com/bloombergs-timeline-for-spot-ethereum-etf-approval/" rel="noopener noreferrer nofollow">approval process for Ethereum’s spot ETF</a>, a Solana ETF could be feasible.The prospects for a Solana ETF have evolved in recent weeks. However, ETF analyst James Seyffart highlighted the regulatory challenges Solana might face. He noted that while a Solana ETF might see significant demand compared to other digital assets (excluding BTC and ETH), the SEC has been cautious about Solana’s status. Ongoing lawsuits against firms like Coinbase and Kraken, which label Solana as a security, could complicate the approval process, making it a potentially rocky road.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5b1310c70d8540348c7def58d750bbd7.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/d3b01ed68825436a82277d5e053a8fbc.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Solana ETFs Await SEC Decision: Election Could Impact Outcome

Spis treści

CryptosHeadlines.com

Inne artykuły opublikowane 9 lip 2024

Hamster Kombat premarket is launched: What do you need to know

BlockDAG Electrifies Crypto Scene With $2M Giveaway, 86k Contestants Join In Despite TON & DOGE’s...

MetaMask’s New Delegation Toolkit for Web3

Ankr partner Asphere launches no-code deployer app for Rollups in collaboration with Arbitrum

Worldcoin invites devs to build ahead of mainnet launch in 2024

Bithumb's New Listings: A Market Game Changer?

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!