According to TheBlock, the U.S. Securities and Exchange Commission (SEC) discussed with ETF issuers its concerns that Solana could be classified as a security
✔️The SEC and Cboe subsequently decided not to file the relevant Form 19b-4 to avoid starting the SOL ETF approval process.
✔️VanEck’s registration statement for the Solana ETF is still available on the SEC’s search engine, while 21Shares’s has disappeared or been withdrawn.
✔️ETF Store CEO Nate Geraci said that it is virtually impossible for a Solana ETF to be approved under the current administration.
