đ¨Solana ETF is coming: Launch date set for March 2025!
â The crypto universe is gearing up for a major event: the launch of the Solana ETF, scheduled for March 2025. This news comes as the market begins to recover from recent turbulence. Solana (SOL), in particular, has seen a notable 6.36% gain over the past 24 hours, outperforming many other assets.
đ¨The Importance of the Solana ETF
â The Solana ETF is a significant development for several reasons. First, it offers investors a new way to access Solana without having to buy the crypto directly. This may attract institutional investors who are looking for more secure and regulated ways to invest in cryptocurrencies.
â The recent filing of two Form 19b-4s by the Chicago Board Options Exchange (CBOE) for the VanEck Solana Trust and the 21Shares Core Solana ETF is a critical milestone.
â According to these filings, the CBOE believes that Solana, like Bitcoin and Ethereum, is resistant to price manipulation. Additionally, there are ways to prevent fraudulent and manipulative acts, justifying the exemption from the required surveillance sharing agreement.
â The SEC now has 240 days to determine whether to accept the rule change allowing the CBOE to offer the VanEck and 21Shares products. Bloomberg ETF analyst Eric Balchunas has suggested that the Solana ETFs will have a final deadline of mid-March 2025.
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