Solana ETF Filings by 21Shares and VanEck Removed from CBOE Website
Solana ETF filings by 21Shares and VanEck have mysteriously disappeared from the CBOE website.
Initially submitted in early June, these applications aimed at securing approval for Solana ETFs are now inaccessible, raising questions about their status.
Forms 19b-4 for VanEck and 21Shares Solana ETFs appear to have been removed from the CBOE website.
Documents SR-CboeBZX-2024-066 & SR-CboeBZX-2024-067 aren’t accessible anymore via direct link, and are no longer visible in BZX Pending Rule Changes.
Another interesting thing is… pic.twitter.com/t81kVGJ3uH
— Summers (@SummersThings) August 16, 2024
It’s unclear whether the firms retracted their applications or if the SEC denied them. According to user reports, specific documents (SR-CboeBZX-2024-067 and SR-CboeBZX-2024-066) that were once available directly on the CBOE website have been removed. Additionally, the SEC never issued Notices of Filings for these applications, unlike its earlier actions with Bitcoin ETFs, which saw several approvals.
The absence of clear information has sparked reactions from industry leaders. VanEck’s Head of Research, Matthew Sigel, expressed frustration, pointing out that Brazil has moved faster than the U.S. in approving Solana ETFs. He criticized U.S. regulators for stalling crypto innovation, suggesting that regulatory updates are needed to support new digital assets.
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Meanwhile, the Brazilian Securities and Exchange Commission approved Solana ETFs, with QR Asset and Vortx managing these funds. The ETFs will utilize the CME CF Solana Dollar Reference Rate Index.
Scott Johnsson, general counsel at Van Buren Capital, also weighed in, attributing the delisting of Solana ETF filings to SEC Chair Gary Gensler. Johnsson speculated that Gensler reported improper filing procedures to the CBOE, contributing to the documents’ removal.
Overall, the situation highlights growing tensions and differing regulatory approaches to cryptocurrency between the U.S. and other countries.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
