Source

Solana

<p>The post <a href="https://coinpedia.org/news/after-btc-and-eth-solana-etf-is-finally-launching/" rel="noopener noreferrer nofollow">After BTC and ETH, Solana ETF is Finally Launching!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Two hours ago, the head of digital assets research at VanEck, Matthew Sigel, informed twitter that CBOE has filed their 19b-4 form for Solana ETF.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><a href="https://x.com/matthew_sigel/status/1810408354528833819" rel="noopener noreferrer nofollow"><img decoding="async" width="558" height="207" src="https://image.coinpedia.org/wp-content/uploads/2024/07/09042941/mathew-tweet.png" alt="" class="wp-image-324428" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/09042941/mathew-tweet.png 558w, https://image.coinpedia.org/wp-content/uploads/2024/07/09042941/mathew-tweet-300x111.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/09042941/mathew-tweet-150x56.png 150w" sizes="(max-width: 558px) 100vw, 558px"></a>
  <figcaption class="wp-element-caption">
   Source : Twitter
  </figcaption>
 </figure>
</div>
<p>Things are getting really serious about the Solana ETF this week. Investment giants VanEck and 21Shares are making a big move by filing 19b-4 forms with the U.S. Securities and Exchange Commission (SEC) to launch Solana (SOL) spot exchange traded funds (ETFs). This step is indeed crucial for the regulatory process and it aims to get approval to list these ETFs on the Cboe BZX Exchange.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="939" src="https://image.coinpedia.org/wp-content/uploads/2024/07/09043030/VanEck-1024x939.png" alt="" class="wp-image-324429" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/09043030/VanEck-1024x939.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/09043030/VanEck-300x275.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/09043030/VanEck-768x704.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/09043030/VanEck-150x138.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/07/09043030/VanEck.png 1171w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p>It all started a few days back, when VanEck filed form S-1 on June 27 2024, followed closely by 21Shares on June 28, 2024. These ETFs are designed to give investors direct exposure to Solana by tracking its spot price, without engaging in staking activities, a likely decision due to the current regulatory uncertainties around crypto staking.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="914" src="https://image.coinpedia.org/wp-content/uploads/2024/07/09043052/21-shares-1024x914.png" alt="" class="wp-image-324430" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/09043052/21-shares-1024x914.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/09043052/21-shares-300x268.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/09043052/21-shares-768x686.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/09043052/21-shares-1536x1371.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/07/09043052/21-shares-150x134.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/07/09043052/21-shares.png 1705w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<h2 class="wp-block-heading" id="h-background-and-past-attempts">Background and Past Attempts</h2>
<p>This isn’t the first time VanEck and 21Shares have tried to introduce <a href="https://coinpedia.org/news/is-solana-etf-the-next-big-thing-1000-price-prediction-rocks-crypto-world/" rel="noopener noreferrer nofollow">Solana ETFs</a>. They’ve been pushing for this for months by highlighting their dedication to expanding cryptocurrency investment options. Their earlier attempts faced regulatory roadblocks but there is no sign of giving up from their side.</p>
<h1 class="wp-block-heading" id="h-ethereum-etf-progress">Ethereum ETF Progress</h1>
<p>VanEck and 21Shares aren’t just focusing on Solana, they’ve also been making significant progress with Ethereum (ETH) ETFs. In May 2024, the SEC approved their 19b-4 filings for Ethereum ETFs, which are set to start trading soon. This is a very important moment as this approval is a big win and offers hope for the potential approval of Solana ETFs.</p>
<h2 class="wp-block-heading" id="h-market-reactions-and-expert-insights">Market Reactions and Expert Insights</h2>
<p>This action from the two investment giants is a huge step in favor of crypto. When the news about the initial filed got into air, the price of solana spiked.Experts are expecting the same reaction from the market about the 19b filing.<br></p>
<p>Experts think that if these ETFs get approved, Solana’s liquidity and trading volume will go up a lot. But there are still some problems. The SEC still sees SOL as a security and there’s no regulated futures market for Solana yet, which the SEC thinks is really important for ETF approval.</p>
<h2 class="wp-block-heading" id="h-looking-ahead">Looking Ahead</h2>
<p>VanEck and 21Shares are both trying to get their crypto ETFs approved at the same time, which shows how much interest and competition there is in this market. It might take a while for this to happen, but the benefits could be huge. As the rules and regulations change, getting approval for Solana spot ETFs could make cryptocurrencies more accepted in regular financial markets. Investors and people in the industry are eagerly waiting to see what the SEC will decide, because it could really affect the future of crypto investments.</p>

After BTC and ETH, Solana ETF is Finally Launching!

目录

CoinPedia News

发布于 2024年7月8日的其他文章

Notcoin Surges 70% in Sluggish Market – Here’s Why NOT is a Top Performer

New Airdrop Alerts: July 2024

Netmarble Migrates MARBLEX and Three IP Games to Immutable zkEVM

Morpheus Labs Updates

Hong Kong Boy Kidnapped, Ransom Demanded in USDT

Metaplanet puts another $2.4m in BTC amid crypto market slump

订阅我们免费的电子期刊，获取每日最新加密领域动态！