Solana ETF plan officially confirmed by CBOE SEC Entry

• The CBOE officially tries to realize Sol ETFs.
• This is done via Vaneck and 21shares.
• In the event of approval, this would initiate a new wave in cryptocurrency trade.

After earlier unsuccessful attempts to introduce Solana (SOL) stock exchange -traded funds (ETFs), new attempts are made to list the much -traded cryptocurrency. According to Coingecko, Sol is the most popular blockchain ecosystem this year, closely followed by Ethereum.

chicago board options Exchange (CBOE) Global Markets, a stock exchange operator, has submitted an application for the listing of EFTs associated with Solana in the US stock exchange supervision SEC (Securities and Exchange); Products from Vaneck and 21shares in particular. The schedule for the Commission was thus started to either approve or reject the application 19B-4 of the operator. According to the rules of the Commission, she has 240 days to decide on the application.

Rob Marrocco, the global director of ETP listings at CBOE Global Markets, recently published an explanation in which he mentioned that they try to take into account the "increasing interest of investors to Sol, one of the most active cryptocurrencies according to Bitcoin and Ether". This, he says, happens after CBOe successfully listed the "first US spot bitcoin ETFs" and received the approval of the SEC for regular submissions for listing spot ether ETFs.

Vaneck had applied to the SEC with the S-1 form for Sol in June, and 21shares did the same the next day. The S-1 form is required if a company wants to offer a new security on the market. Securities must have an S-1 registration before you can be noted on a national stock exchange platform. Form 19b-4 is intended for self-regulatory organizations to inform the SEC about changing your rules, and you have to justify it before you can receive approval.

It is important to note that CBOE not only focuses on Sol. Your 19b-4 applications for Ethereum were approved by the Sec in May 2024 and you will soon start trading ETH ETFs. However, you still need the final approval, since these products often require a two -stage approval process.

experts assume that SOL's liquidity will skyrocket, the EFT should be approved, since Spot Sol ETFs is expected to record traces of around $ 3 billion over time. A significant part of this predicted amount is expected to flow via ETFswap. The current price of Solana is around $ 139.55.