VanEck insists Solana ETF ‘remains in play’ despite regulatory uncertainty
Summary
VanEck's Solana ETF application is still active despite the removal of 19b-4 forms from the Cboe website. The removal raised concerns about SEC's classification of SOL token as a security, casting doubt on the ETF's approval. However, VanEck's S-1 registration statements are still under consideration. VanEck believes Solana should be considered a commodity, citing its decentralization and utility. The firm highlighted Solana's progress in decentralization and emphasized its utility and economic role, positioning it alongside digital commodities like BTC and ETH.
