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šØ SEC Rejects Cboeās 19b-4 Filings for Solana ETFs!
š«Hereās the latest update:ā Rejection: The SEC turned down Cboe BZXās 19b-4 filings for two proposed Solana ETFs.
š Reason:SEC views Solana as a security, leading to the withdrawal of the filings from Cboeās website.
āļø SEC Stance: This decision aligns with the SEC's position in multiple court cases and regulatory filings.
š Filing Process: The rejected 19b-4 forms never reached the Federal Register, halting the approval process.
š¬ Issuer Update:21Shares and VanEck are still vying for a Solana ETF.
Matthew Sigel from VanEck says their application remains in play.
Audrey Belloff from 21Shares emphasizes their commitment to expanding investor access.
š Whatās Next?
The rejections are a setback, but filings could be refiled or amended with stronger arguments.
Stay tuned for updates as the situation develops!
#SolanaUSTD $SOL #writetoearn #CryptoNewss #VanEck #21Shares