Cboe Initiates Regulatory Process For Solana ETF, March 2025 Deadline Set By Filing
Summary
Cboe supports VanEck and 21Shares' Solana ETF applications, filing "19b-4" forms with the SEC. The agency has 240 days to approve or deny the applications, with a deadline of March 5, 2025. Approval of Solana ETFs would be a significant development in the cryptocurrency industry. The upcoming US November election may impact the approval process. Additionally, other issuers are awaiting SEC approval for Ethereum ETFs. Solana's native token SOL is trading at $141, up 4.5% in the last 24 hours.
