VanEck Continues Advancing Solana ETF Plan Unshaken by File Removal
Publication Time:2024-08-20 06:41:06
Despite Cboe Global Markets having removed the VanEck Solana ETF 19b-4 regulatory filing from its website, VanEck continues to push forward with its Solana ETF plan. Matthew Sigel, head of digital asset research at VanEck, confirmed that even though the document is no longer visible, VanEck's offering prospectus (S-1) remains valid. Previously, in July, Cboe had submitted an application to the U.S. Securities and Exchange Commission (SEC) seeking to list the Solana ETF on the exchange and requested the SEC to make a decision by March of the following year. Sigel emphasized that VanEck considers Solana (SOL) to be a commodity rather than a security, similar to Bitcoin (BTC) and Ethereum (ETH), and will continue to advance this plan in partnership with its exchange partners.
SEC
VanEck
Cboe
Solana ETF
ETF application