Solana ETF push resumes as Cboe BZX resubmits applications to SEC
The hopes of a bargain -based Solana -based stock market fund rekindled after CBOE BZX refreshed applications for several asset managers.
On January 29, Bloomberg analyst James Seyffart stressed that CBOE BZX submitted new 19B-4 deposits for SPOT Solana ETF from Bitwise, Valve,, 21haresAnd the Canari capital, submitting the proposals before the Securities and Exchange Committee of the United States.
A 19B-4 deposit is essentially a request for an exchange to list a new product, in this case, an ETF Solana. He launches the process of examining the SEC, where regulators evaluate whether the proposal responds to the laws on securities and aligns with investor protection standards. Approval would open the way to Solana ETF to negotiate traditional scholarships.
If the SEC rejects the proposal, the exchanges are not out of options – they can modify and submit their requests again to respond to regulatory concerns. This back and forth can last several laps, as we see in the case of Bitcoin ETFs before they ultimately guarantee approval.
For CBOE BZX, this marks the second attempt to obtain an ETF Solana through the dry after its previous offer has been rejected at the end of last year. At the time, initiate sources said that the commission had suspended new FNB Crypto requests until Donald Trump officially took office.
The last deposits arrive under Regulatory landscape trips Under the Trump administration, which reported a more pro-Crypto position. With President of the actor of the dry Mark UyedaKnown for its approach adapted to industry, supervising the agency, expectations for Crypto ETF approvals increase.
Analysts think that FNB Solana have a better chance under the new management, although it remains to be seen at what speed will the dry evolve on waiting applications.
The issuers also looked develop Their suite of cryptographic products with deposits for spots XrpLitecoin and Dogecoin ETF. Biwise, for example, subject His S-1 deposited for an ETF following Dogecoin earlier during the day.
Currently, Polymarket Bettors has set the chances of an approval by Solana ETF by July 31 at 57%, but Bloomberg Eric Balchunas analyst previously has extended This Litecoin could be the next online.
Meanwhile, Spot Bitcoin and Ethers Ethereum have drawn in billions, proving that the demand for investment products in crypto is very alive. The valves opened when the dry finally Green lighting bitcoinWith Ethereum quickly following the step.
Now, with Solana and other altcoins aligned for their turn, the big question is whether regulators will kiss more products supported by Crypto – or will make them wait at the door.
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