Exchange Cboe BZX filed Form 19b-4 on Monday for the 21Shares Core Solana ETF and VanEck Solana Trust. Bloomberg ETF analyst Eric Balchunas believes the final deadline will fall in mid-March 2025, and the next president will be key to its passage.
Cboe BZX’s crypto-related products
The Cboe BZX Exchange is one of the largest stock exchanges in the United States, providing the listing and trading of stocks, exchange-traded products (ETPs), and exchange-traded funds (ETFs). Its parent company is Cboe Global Markets.
Among the Bitcoin spot ETFs listed in January this year, six chose to be listed and traded on Cboe BZX
Ark 21Shares Bitcoin ETF
Wise Origin Bitcoin Trust
WisdomTree Bitcoin Trust
VanEck Bitcoin Trust
Invesco Galaxy Bitcoin ETF
Franklin Bitcoin ETF
SOL exists "additional means to protect against fraudulent and manipulative acts and practices"
In this initial 19b-4 filing, the exchange combined the SOL spot ETF with the approved Bitcoin spot ETF and Ethereum spot ETF (although it has not been officially listed, its 19b-4 filing has been approved) Comparison.
Like Bitcoin and Ethereum, the exchange believes that SOL is resistant to price manipulation and that there are "additional means of protecting against fraudulent and manipulative acts and practices" that could justify abandoning large-scale surveillance-sharing protocols.
VanEck filed for the first U.S. Solana exchange-traded fund (ETF) on June 27, and 21Shares followed suit.
(VanEck applied for the first Solana ETF in the United States, Bloomberg analyst: It is not impossible to pass)
The market currently has polarizing views on the possibility of SOL ETF approval. Cboe, an exchange that has listed a number of Bitcoin spot ETFs, believes that without first establishing a futures market or changing regulatory conditions, there will be no cryptocurrencies other than Bitcoin and Ethereum. ETF. JPMorgan Chase and Bloomberg also expressed doubts about the possibility of approval, but Bernstein believes that the approval of the Ethereum ETF will pave the way for similar tokens such as Solana to obtain commodity classification.
Bloomberg Analyst: The next president is key
Bloomberg ETF analyst Eric Balchunas said:
It looks like the final deadline for the Solana ETF is mid-March 2025. If Biden wins, this could be a Dead or Alive (DOA) fight. If Trump wins, anything is possible.
This article Exchange Cboe BZX Files SOL Spot ETF Files, Bloomberg Analyst: Next President Is Key appeared first on Chain News ABMedia.
