VanEck and 21Shares File for First Solana Spot ETFs with CBOE, Await SEC Review

Jul 8, 2024, 08:30 PM

VanEck and 21Shares have both filed for Solana (SOL) spot exchange-traded funds (ETFs) with the Chicago Board Options Exchange (CBOE). This marks the first time Solana ETFs are being proposed in the U.S. VanEck announced the filing of their 19b-4 rule change to list and trade shares of the first Solana ETF, while 21Shares followed with their own filing. The filings classify Solana as a commodity, and the decision now awaits review by the U.S. Securities and Exchange Commission (SEC).