Cboe Seeks SEC’s Approval After Filing to List Solana ETFs

2024-7-9 13:13

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 by March 2025 One analyst believes that the ETF approval depends on whether Donald Trump is re-elected as US President in November

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.

Cboe filed two 19b-4 form applications on July 8: 21Shares Core Solana and the VanEck Solana Trust. Now that the SEC has received the filings, and under its rules, it must decide within 240 days.

The Cboe  filings come a few weeks after VanEck filed an S-1 for a spot Solana ETF with the SEC, 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.

21Shares also filed its own S-1 application with the SEC in June, stating on X that they “believe this is a necessary step for the crypto industry.”

According to the Cboe, a potential Solana ETF is similar to spot Bitcoin and spot Ethereum funds, adding “much like bitcoin and ETH, the Exchange believes that SOL is resistant to price manipulation and that “other means to prevent fraudulent and manipulative acts and practices” exist to justify dispensing with the requisite surveillance sharing agreement.”

Outcome of a Solana ETF

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.

It remains to be seen whether or not spot Solana ETFs receive the green light.

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 “dead on arrival.”

This was a view he shared in June following 21Shares application for a Solana ETF when he said “the odds of a Solana ETF being approved” in the next 12 months may improve significantly if Trump wins this year’s election.

The post Cboe Seeks SEC’s Approval After Filing to List Solana ETFs appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Solana (SOL) на Currencies.ru

$ 145.37 (-0.48%)
Объем 24H $2.848b
Изменеия 24h: -2.13 %, 7d: 4.39 %
Cегодня L: $144.83 - H: $147.68
Капитализация $68.105b Rank 5
Цена в час новости $ 141.94 (2.42%)

etfs sec solana list cboe approval spot

Источник: coinjournal.net

etfs sec → Результатов: 126


ETFs Are Having the Best Year Ever, While SEC Refuses to Give A Bitcoin ETF The Green Light

ETFs pulled in $488. 5 billion in less than 7 months of 2021 and are on track to break the $497 billion full-year record set in 2020. Meanwhile, in crypto, since 2013, not a single one has been approved by the US SEC, which says it wants to protect the investors when ETFs are what will ensure low fees, tax advantages, and relative ease of trading for them.

2021-7-20 19:20


Era of Bitcoin ETFs Rejection is now as SEC Rejects 9 More ETFs Applications

Yesterday, a publication was made in one of my articles that was published yesterday if SEC is out to undermine cryptocurrency through it’s continuous rejection of bitcoin exchange traded funds submissions made by some organizations or delay in decisions in some? It might be that this was read by them as they were able to […] The post Era of Bitcoin ETFs Rejection is now as SEC Rejects 9 More ETFs Applications appeared first on ZyCrypto.

2018-8-24 11:03


Фото:

Bitcoin Expert & Advocate: Bitcoin ETFs Are a “Terrible Idea” And Will Be “Damaging to the Ecosystem”

The price of Bitcoin rallied when users believed that CBOE–VanEck-SolidX would get an exchange-traded fund (ETF) approval from the Securities and Exchange Commission (SEC) earlier this month. As anticipation was high and investors were hopeful, there was no reason to believe that it wouldn’t bring hoards of cash to the market via institutional investors.

2018-8-18 16:09


Фото:

Credible CBOE Insider: VanEck/SolidX Bitcoin ETF has 99% Chance For Approval After SEC’s Delayed Decision

Legit CBOE Insider Continues to Be Positive After Bitcoin ETF Delay, Source Suggests There’s a “99%” Chance of VanEck SolidX Bitcoin ETF Approval Earlier this week, the United States Securities and Exchange Commission (SEC) sent cryptocurrency markets plummeting when it delayed the decision on one of the most promising ETFs in the crypto space. Despite […]

2018-8-9 19:02


Фото:

The SEC Is Delaying Another Bitcoin ETF Decision

The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.

2018-8-8 17:15


Bitcoin ETFs: Taking a Closer Look at VanEck’s Letter to the SEC

The push for SEC-approved Bitcoin ETF listings has been receiving heavy amounts of news coverage over the last week. As several companies seek to be the first to bring crypto to Wall Street, a letter has been published by New York-based investment giant VanEck refuting many of the concerns laid out by the Commission’s recent… The post Bitcoin ETFs: Taking a Closer Look at VanEck’s Letter to the SEC appeared first on UNHASHED.

2018-7-31 01:59


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru