Solana ETF Filings Vanish, Sparking Withdrawal Rumors
Filings for two Solana-based ETFs, designated SR-CboeBZX-2024-066 and SR-CboeBZX-2024-067, have disappeared from the public domain, leading to speculation as to whether they have been withdrawn.
These ETFs, filed by Cboe in June 2024 and followed by 19b-4 forms filed in July, have yet to receive a notice of filing from the U.S. Securities and Exchange Commission (SEC), adding to the uncertainty over their approval.
In contrast, Brazil is moving forward with its own Solana-backed ETF, led by QR Asset and Vortx. Although awaiting final approval from the Brazilian Stock Exchange, this ETF could have a significant impact on Brazil’s financial market.
In the U.S., however, the Securities and Exchange Commission’s cautious approach to Solana as a financial security casts doubt on the future of Solana-based ETFs.
READ MORE:
Dogecoin Sees 32% Spike in Daily Active Addresses, Price Action to Follow?Large asset managers like BlackRock have shown minimal interest, reflecting broader skepticism about the potential impact of these products on the U.S. crypto market. However, other SOL-related proposals are in development in both the U.S. and Brazil, although their success remains uncertain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
CleanSpark acquires 7 mining sites in Tennessee, hashrate to grow 22%
Caroline Ellison Seeks Time Served For Gov’t Cooperation
The filing included 34 letters from friends, family, and colleagues attesting to Ellison’s honesty and ethical behavior before her involvement with Alameda.
UK Introduces Bill Recognize Crypto as Personal Property
Justice Minister Heidi Alexander emphasized the importance of adapting the law to evolving technologies.
