Cboe Pushes for Solana ETF Approval in Fresh SEC Filing
CBOE has re-submitted 19-B4 files with the US Securities and Exchange Commission (SEC) Sorana US Exchange Trade Fund (ETF). These documents were submitted on behalf of four asset managers on January 28.
It marks the key steps of seeking SEC approval, which rejects similar applications in 2024.
Solana ETFS recovered the motivation through the new application
The exchange has backup 19B-4 file For Solana ETF represents Bitwise, VANECK, 21Shares and Canary Capital. this SEC’s previous refusal to these applications Prompt for re -submitting.
“They are rejected. Therefore, they must re -try to win SEC approval,” Bloomberg ETF analysts James Seyffart Write On X (previously Twitter).
The next step is to let the Solana ETF apply for a re -submission time to ensure that the securities law is complied with the securities law. The process includes issuing proposals on the federal bulletin to solicit public opinion. SEC usually has a 45 -day evaluation file, although it can extend this period.
Once the public comment period is over, the SEC will decide whether to approve or modify the proposed rules. If approved, You can start the site solana etfEssence
If the US Securities and Exchange Commission refuses the proposal, the exchange can appeal to the decision, trying to solve the SEC concerns, or submit the revised proposal.
It is worth noting that this time, the record has closed down Leaders of Mark UyedaEssence SEC’s new performance chair is considered to be more friendly than cryptocurrencies Former Chairman Gary Gensler.
In the recent X post, Fox business reporter Eleanor Terret shared her idea of this change.
“New administrator, new rules. The third time?” This is the third time? ” postal read.
However, she clarified that although the attitude of the SEC has changed, the rules itself has not changed.
SEC also formed Crypto special forces are led by the commissioner Hester Peirce Develop clearer regulations for digital assets. The work team can help determine which encrypted assets are considered securities. Conversely, this may alleviate the approval process of Solana ETF.
Canada is leading in Sorana ETF in the United States?
Although the United States is still through its regulatory process, Canada has made great progress in the Solana ETF field. 3iq digital asset management and Destination investment Both applied for Solana ETF.
Bloomberg’s senior ETF analyst Eric Balchunas predicts that Canada can launch these products in the United States.
“Canada may defeat the US market again (the trend of the first submission of the United States is 35 years old, and then Canada first launched more free regulatory agencies before AD). On the other hand, this is no longer your grandfather SEC .. PublishEssence
Although ETF’s potential approval is exciting, Solana seems to be struggling in terms of price.
When writing, SOL exchange at a price of $ 234.99It has fallen by 1.29 % in the past 24 hours. this A wider extensive encryption market is also facing recessionResulting in a decline in price.
Exempt statement
persist in Trust project Guide Beincrypto is committed to justice and transparent reports. This news article aims to provide accurate and timely information. However, it is recommended that readers independently verify the facts and consult professionals before making any decision based on this content. Please note, our terms and Conditions,,,,, Privacyand Exempt statement Updated.
