Analysts predict that Solana’s ETFs should have a decision date around the middle of March 2025.
Chicago Board Options Exchange has filed a request to list VanEck ETFs.
Mid-March deadline for decision
Eric Balchunas of Bloomberg ETF noted that Solana ETFs should have an end date by mid-March in 2025. He stressed that the November date is most important in the interim.
The final Solana ETF deadline is going to be in mid-March of 2025. The most important date between now and 2025 is November. These are likely to be a stalemate if Biden is elected. Then, it’s anything possible. https://t.co/ywkf6oA8Rc
— Eric Balchunas (@EricBalchunas) July 8, 2024
CBOE has submitted Form 19b-4 for two funds, the VanEck Solana Trust Trust and 21Shares Core Solana Trust. The SEC approved the spot Bitcoin ETFs in January, and the spot Ether ones in May.
“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 dispensing with the requisite surveillance sharing agreement,” Read both documents.
Nate Geraci is the president of ETF. noted The SEC will acknowledge the documents filed once they have been acknowledged. “decision clock will start ticking.”
SEC has 240 days under SEC rules to determine whether it will approve or reject the CBOE’s 19b-4 request to list products by VanEck, a digital asset manager and VanEck. The first ETFs to be tied directly to Solana (the fifth largest cryptocurrency) are now being proposed.
The political climate could be key to Solana ETF approval
Eric Balchunas, senior Bloomberg ETF analyst provided additional insight. He stated that the result of the presidential elections in November could have a significant impact.
“If Biden wins, these likely DOA. If Trump wins, anything possible,” Balchunas remarked.
GSR Markets’ latest research predicts Solana’s price may increase by ninefold with possible ETF approval, similar to historical price increases seen for Bitcoin.
The research shows that backing As a result of the support from Democrats for new regulatory frameworks, which could create opportunities for crypto, the Solana ETF has received bipartisan approval.
“We are now addressing the increasing investor interest in Solana – one of the most actively traded cryptocurrencies after Bitcoin and Ether,” Rob Marrocco is the global head of ETP Listings for CBOE.
VanEck shares and 21Shares were initially launched applied The SEC will launch new products with us in June. S-1 filings need to be approved by the SEC before products can start trading.
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Source: cryptopotato.com