Cboe BZX Exchange has resubmitted applications for four firms aiming to launch a spot Solana ETF. The filings, submitted under the SEC’s 19b-4 process, include proposals for the VanEck Solana Trust, Canary Solana Trust, Bitwise Solana ETF, and 21Shares Core Solana ETF.
The new filings aim to restart the regulatory process after prior applications for these Solana ETFs were rejected in 2024.
Cboe Re-files Spot Solana ETF for These 4 Firms
According to a January 28 filing, Cboe BZX Exchange has submitted updated applications for four Solana ETFs under the SEC’s 19b-4 process. The proposals aim to list Solana-focused exchange-traded funds, which would allow investors to gain direct exposure to Solana (SOL).
Applications for the VanEck Solana Trust, Canary Solana Trust, Bitwise Solana ETF, and 21Shares Core Solana ETF had previously been pulled in 2024 at the SEC’s request. One anonymous issuer noted that all filings were withdrawn to address concerns raised by the SEC. These renewed submissions suggest an effort to address potential regulatory challenges.
If acknowledged by the SEC, the 19b-4 process will officially start the timeline for a decision. The filings will also be published in the Federal Register, allowing a comment period.
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Kelvin Munene Murithi
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