The SEC has accepted the spot ETF applications for Solana from 21Shares, Bitwise, Canary, and VanEck

2025-02-12 07:51:44

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ChainCatcher news, multiple institutions have submitted applications for a Solana spot exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC), which has confirmed receipt and acceptance of the relevant documents.

Cboe BZX Exchange has submitted a proposed rule change form to support the listing and trading of Solana spot ETFs issued by 21Shares, Bitwise, Canary Capital, and VanEck. Previously, the Solana ETF applications from these companies had been rejected.

Bloomberg ETF analysts James Seyffart and Eric Balchunas stated on Monday that they believe the likelihood of the SEC approving a Solana ETF is 70%. Franklin Templeton also seems ready to join the competition for Solana ETFs, as the company submitted documents on Tuesday in Delaware to register the Franklin Solana Trust.

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U.S. SEC 21Shares Bitwise Canary

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