The final deadline for the US Securities and Exchange Commission (SEC) to approve or deny a spot Solana exchange-traded fund (ETF) could be mid-March 2025, analysts said.
This came after the Chicago Board Options Exchange (Cboe) submitted two 19b-4 filings to list the VanEck and 21Shares spot Solana ETFs.
The two firms filed for Solana ETF products last month, with the recent Cboe filing now putting the SEC on a clock to make a decision.
The SEC’s guidelines require that the commission deny or approve the CBOE’s request to list Solana ETFs within 240 days, which brings the deadline to around March 2025.
That means approval would be in the hands of the political party that wins the November presidential election.
“If Biden wins, these likely [dead on arrival],” said Bloomberg Intelligence ETF analyst Eric Balchunas. “If Trump wins, anything is possible.”
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