SEC Rejects Cboe’s 19b-4 Filings for Solana ETFs

The U.S. Securities and Exchange Commission (SEC) has rejected Cboe BZX’s 19b-4 filings on behalf of two potential Solana ETF issuers, according to a person familiar with the matter. The news comes after the agency reiterated to issuers its view that Solana is a security, The Block previously reported.

The SEC has rejected Cboe BZX’s 19b-4 filings for two potential Solana spot ETFs, according to a person familiar with the matter. As a result, they have been removed from Cboe’s website.

This follows discussions between the SEC and issuers about their concerns that Solana should be treated as a security, as The Block previously reported, citing another source. This view is consistent with what the SEC has asserted in court filings in multiple cases.