Cboe BZX files forms for Solana ETFs by 21 Shares and VanEck as process to obtain regulatory approval trudges on | Headlines | News | CoinMarketCap
07/09/2024 04:28
Exchange Cboe BZX filed forms for proposed Solana exchange-traded funds from VanEck and 21Shares as both firms look to launch first-of-its-kind …
The Block Crypto News11 minutes ago
Published on July 08, 2024 21:15 GMT+00:00edited on July 08, 2024 21:19 GMT+00:00
Exchange Cboe BZX filed forms for proposed Solana exchange-traded funds from VanEck and 21Shares as both firms look to launch first-of-its-kind products.
Cboe BZX filed Form 19b-4s on Monday for the 21Shares Core Solana ETF and for the VanEck Solana Trust. The form is an application filed with the U.S. Securities and Exchange Commission to let the agency know of a proposed rule change. The form is a part of the process for getting the agency's approval for a crypto ETF.
The exchange compared the products to spot Ethereum ETFs and Bitcoin ETFs, which the agency approved over the past year.
"Much like bitcoin and ETH, the Exchange believes that SOL is resistant to price manipulation and that 'other means to prevent fraudulent and manipulative acts and practices' exist to justify …