{"id":33854,"date":"2024-07-09T12:38:18","date_gmt":"2024-07-09T12:38:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cboe-seeks-secs-approval-after-filing-to-list-solana-etfs\/"},"modified":"2024-07-09T12:38:18","modified_gmt":"2024-07-09T12:38:18","slug":"cboe-seeks-secs-approval-after-filing-to-list-solana-etfs","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cboe-seeks-secs-approval-after-filing-to-list-solana-etfs\/","title":{"rendered":"Cboe Seeks SEC&#8217;s Approval After Filing to List Solana ETFs"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/1710664888776-b70dc3de-a8de-4920-9571-a87eb034dcbd-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/1710664888776-b70dc3de-a8de-4920-9571-a87eb034dcbd-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/1710664888776-b70dc3de-a8de-4920-9571-a87eb034dcbd-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/1710664888776-b70dc3de-a8de-4920-9571-a87eb034dcbd-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Chicago Board Options Exchange (Cboe) has submitted two applications to list spot Solana ETFs on its platform<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The exchange has asked the SEC to approve the listing of the 21Shares and VanEck spot Solana ETFs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The SEC needs to decide by March 2025<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">One analyst believes that the ETF approval depends on whether Donald Trump is re-elected as US President in November<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The Chicago Board Options Exchange (Choe) has filed applications with the US Securities and Exchange Commission (SEC) to list 21Shares and VanEck spot Solana exchange-traded funds (ETFs), requiring the regulator to decide by March 2025.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cboe filed two 19b-4 form applications on July 8: <a href=\"https:\/\/cdn.cboe.com\/resources\/regulation\/rule_filings\/pending\/2024\/SR-CboeBZX-2024-067.pdf\" target=\"_blank\" rel=\"noopener\">21Shares Core Solana<\/a> and the <a href=\"https:\/\/cdn.cboe.com\/resources\/regulation\/rule_filings\/pending\/2024\/SR-CboeBZX-2024-067.pdf\" target=\"_blank\" rel=\"noopener\">VanEck Solana Trust<\/a>. Now that the <\/span><a href=\"https:\/\/coinjournal.net\/search\/SEC\"><span style=\"font-weight: 400;\">SEC<\/span><\/a><span style=\"font-weight: 400;\"> has received the filings, and under its rules, it must decide within 240 days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Cboe\u00a0 filings come a few weeks after <\/span><a href=\"https:\/\/coinjournal.net\/news\/sol-price-soars-after-vaneck-files-for-solana-etf\/\"><span style=\"font-weight: 400;\">VanEck filed an S-1 for a spot Solana ETF with the SEC<\/span><\/a><span style=\"font-weight: 400;\">, making it the first company in the US to file for one. Following the news, the trading volume of Solana increased 26% to more than $2.8bn.<\/span><\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/21shares-files-for-solana-sol-spot-etf\/\"><span style=\"font-weight: 400;\">21Shares also filed its own S-1 application with the SEC<\/span><\/a><span style=\"font-weight: 400;\"> in June, stating on X that they \u201cbelieve this is a necessary step for the crypto industry.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the Cboe, a potential Solana ETF is similar to spot Bitcoin and spot Ethereum funds, adding \u201cmuch like bitcoin and ETH, the Exchange believes that SOL is resistant to price manipulation and that \u201cother means to prevent fraudulent and manipulative acts and practices\u201d exist to justify dispensing with the requisite surveillance sharing agreement.\u201d<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Outcome of a Solana ETF<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Cboe already lists six of the 10 spot Bitcoin ETFs available: ARK\/21Shares, Fidelity Wise, Franklin, Invesco Galaxy, VanEck, and Wisdom Tree. If, and when spot Ethereum ETFs are approved by the SEC, Cboe would list five.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It remains to be seen whether or not spot Solana ETFs receive the green light. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, according to senior Bloomberg ETF analyst Eric Balchunas, the possibility of a Solana ETF depends on whether Donald Trump is re-elected as the US President. Balchunas believes that if Biden wins, the applications are likely \u201c<a href=\"https:\/\/x.com\/EricBalchunas\/status\/1810425019853324721\" target=\"_blank\" rel=\"noopener\">dead on arrival<\/a>.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This was a view he shared in June following 21Shares application for a Solana ETF <\/span><a href=\"https:\/\/x.com\/EricBalchunas\/status\/1806651397602943119\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">when he said<\/span><\/a><span style=\"font-weight: 400;\"> \u201cthe odds of a Solana ETF being approved\u201d in the next 12 months may improve significantly if Trump wins this year\u2019s election.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/cboe-seeks-secs-approval-after-filing-to-list-solana-etfs\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The Chicago Board Options Exchange (Cboe) has submitted two applications to list spot Solana ETFs on its platform The exchange has asked the SEC to approve the listing of the 21Shares and VanEck spot Solana ETFs The SEC needs to decide [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":33855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33854"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33854"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33855"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}