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

🚫Here’s the latest update:❌ Rejection: The SEC turned down Cboe BZX’s 19b-4 filings for two proposed Solana ETFs.

🔍 Reason:SEC views Solana as a security, leading to the withdrawal of the filings from Cboe’s website.

⚖️ SEC Stance: This decision aligns with the SEC's position in multiple court cases and regulatory filings.

📅 Filing Process: The rejected 19b-4 forms never reached the Federal Register, halting the approval process.

💬 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.

🔄 What’s 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