Cboe Filings Confirm 21Shares, VanEck Plan for Solana ETF
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The Chicago Board Options Exchange (Cboe) has filed with the securities and exchange commission (SEC) to list Solana exchange-traded funds. The largest US options exchange is waiting for the SEC approval.
Per Monday filings, the Cboe has confirmed that two asset managers – VanEck and 21Shares – will be listing their SOL ETFs on the exchange.
Matthew Sigel, head of digital assets at VanEck, described this as the “first Solana exchange-traded fund in the US,” if approved.
“We look forward to engaging with the SEC during the review period,” he added.
We at @vaneck_us are pleased to announce that @CBOE just filed our 19b-4 to list and trade shares of the FIRST Solana exchange-traded fund in the US!
We look forward to engaging with the SEC during the review period.
— matthew sigel, recovering CFA (@matthew_sigel) July 8, 2024
The products dubbed ‘VanEck Solana Trust’ and ‘21Shares Core Solana ETF’ will be similar to the buzz created by the spot Bitcoin ETFs, approved by the SEC in January.
If the SEC acknowledges the filings, a 240-day review period opens-up. Within the period, the regulator is required to make a decision to approve the products.
Both the asset managers filed the S-1 with the SEC, to launch the Solana new products in June. The approval of the products would mark the third wave of spot crypto ETFs.
Further, VanEck, 21Shares, along with several others are waiting for the regulator’s greenlight to approve spot Ether ETFs. According to a Reuters report, two people familiar with the ETH ETFs approval process noted that these products would likely be live within the next week.
Cboe Move Signals Strong Interest in Solana
Cboe already hosts several spot Bitcoin ETFs currently and is preparing for a potential spot Ether ETF listing. The exchange is now embracing the third most traded crypto – Solana. “We are now addressing the increasing investor interest in Solana,” said Rob Marrocco, global head of ETP listings at Cboe.
The options exchange lists six spot Bitcoin ETFs, out of 10 approved by the regulator. This includes Bitcoin ETF products from Fidelity, Ark/21Shares and VanEck.
The post Cboe Filings Confirm 21Shares, VanEck Plan for Solana ETF appeared first on Cryptonews.
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Cboe Filings Confirm 21Shares, VanEck Plan for Solana ETF
Share:
The Chicago Board Options Exchange (Cboe) has filed with the securities and exchange commission (SEC) to list Solana exchange-traded funds. The largest US options exchange is waiting for the SEC approval.
Per Monday filings, the Cboe has confirmed that two asset managers – VanEck and 21Shares – will be listing their SOL ETFs on the exchange.
Matthew Sigel, head of digital assets at VanEck, described this as the “first Solana exchange-traded fund in the US,” if approved.
“We look forward to engaging with the SEC during the review period,” he added.
We at @vaneck_us are pleased to announce that @CBOE just filed our 19b-4 to list and trade shares of the FIRST Solana exchange-traded fund in the US!
We look forward to engaging with the SEC during the review period.
— matthew sigel, recovering CFA (@matthew_sigel) July 8, 2024
The products dubbed ‘VanEck Solana Trust’ and ‘21Shares Core Solana ETF’ will be similar to the buzz created by the spot Bitcoin ETFs, approved by the SEC in January.
If the SEC acknowledges the filings, a 240-day review period opens-up. Within the period, the regulator is required to make a decision to approve the products.
Both the asset managers filed the S-1 with the SEC, to launch the Solana new products in June. The approval of the products would mark the third wave of spot crypto ETFs.
Further, VanEck, 21Shares, along with several others are waiting for the regulator’s greenlight to approve spot Ether ETFs. According to a Reuters report, two people familiar with the ETH ETFs approval process noted that these products would likely be live within the next week.
Cboe Move Signals Strong Interest in Solana
Cboe already hosts several spot Bitcoin ETFs currently and is preparing for a potential spot Ether ETF listing. The exchange is now embracing the third most traded crypto – Solana. “We are now addressing the increasing investor interest in Solana,” said Rob Marrocco, global head of ETP listings at Cboe.
The options exchange lists six spot Bitcoin ETFs, out of 10 approved by the regulator. This includes Bitcoin ETF products from Fidelity, Ark/21Shares and VanEck.
The post Cboe Filings Confirm 21Shares, VanEck Plan for Solana ETF appeared first on Cryptonews.
In This News
Coins
$ 89.29K
-0.37%$ 3.04K
+0.22%$ 0.0153
+1.08%$ 0.286
-1.31%$ 0.00...361
Share:
In This News
Coins
$ 89.29K
-0.37%$ 3.04K
+0.22%$ 0.0153
+1.08%$ 0.286
-1.31%$ 0.00...361
Share:
Read More
Solana Price Prediction: Key Resistance That Could Trigger a SOL Dip to $130