VanEck, 21Shares Solana ETFs Hit Roadblock as CBOE Pulls Filings: #VanEck_SOL_ETFS
After BTC, ETH ETFs were approved for trading in the United States, multiple fund providers set their sights on Solana. Solana ETFs could be the next major target as filing proposals to offer similar crypto ETFs.#LowestCPI2021
This optimism was fueled by the recent approval of a Solana ETF in Brazil. This led experts to predict that a U.S. counterpart was imminent. However, recent developments have cast a significant shadow over these expectations.
👉Solana ETF Expectations:
In a surprising turn of events, the Chicago Board Options Exchange (CBOE) has withdrawn the Solana ETF filings from asset managers VanEck and 21Shares.
The removal of these filings from the CBOE’s website has created uncertainty about the immediate future of Solana ETFs in the U.S.
SOL has seen a significant decline, falling over 9.9% in the past week to a low of $139.48 as of August 16. Over the past 30 days, SOL has experienced a 14% drop, with a 90-day decrease of 18%.
Despite the decline in price and the heightened trading activity, SOL’s market capitalization has decreased to $64.52 billion. Nevertheless, it remains the fifth-largest cryptocurrency according to CoinMarketCap data.