Why Cboe Ditched SOL ETF Filings After Meeting with SEC and Fund Managers
In recent developments that could significantly impact the landscape of cryptocurrency investment products, the Securities and Exchange Commission (SEC) has raised concerns about Solana's classification as a security This scrutiny has led to a temporary halt in the progression of Solana Exchange-Traded Funds (ETFs) by notable asset managers, including VanEck and 21Shares This article delves into the intricacies of these developments, examining the implications for the future of Solana ETFs and the broader crypto-ETF landscape The SEC's Scrutiny of Solana and Its Implications for ETFs The SEC's apprehensions regarding the security status of Solana (SOL) have cast a shadow over the fervent anticipation for the launch of Solana ETFs These concerns prompted the Cboe BZX Exchange, a leading venue for ETF trading, to pause its submission of the required 19b-4 filings to the Federal Register...
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