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SEC Concerns Over Solana Security Status Lead VanEck, 21Shares ETF Filings Removal from Cboe

Aug 19, 2024, 10:50 PM

The U.S. Securities and Exchange Commission (SEC) has raised concerns over the classification of Solana (SOL) as a security, leading to the removal of 19b-4 filings for Solana ETFs by VanEck and 21Shares from the Chicago Board Options Exchange (Cboe) website. These filings are crucial for the approval process of exchange-traded funds (ETFs). The SEC's discussions with ETF issuers about Solana's status preceded the removal, sparking rumors of a potential withdrawal by the issuers. Despite the removal of these filings, VanEck's head of digital asset research confirmed that the Solana ETF prospectus remains active.