This is an alarming development in the cryptocurrency market. Solana ETF Chicago Board Options Exchange website has reportedly removed filings. Many have been worried that US Securities and Exchange Commission may delay the application. Or, even worse, a denial altogether.
Solana The token that is most likely to be used in the next The US has approved a crypto-based ETF. Bitcoin and Ethereum have already been approved this year. This time, things may be different. SOL has been referred to as a “commodity” by many. This makes the ETF procedure more complicated.
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Spreads Concerned, SOL ETFs have disappeared from CBOE’s website
This year, the crypto industry has been focused on ETFs. BTC as well as ETH are both launching investment products in 2024. However, traders have been waiting with bated breath to see what new tokens will be released. next. But today, what is long considered the next In line
Solana ETF Today, CBOE removed all filings from its website. The removal of the filings has raised concerns about the application process. It is unclear if a decision has been made. VanEck as well 21Shares did not submit their SOL ETF Application.
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Pseudonymous Twitter (formerly Twitter) users SummersThings Both issuers have removed their July reports. They also pointed out a confusing part of the filings. It is noted by the user that SEC “never issued Notices of Filling,” For both applications.
This puts the prospects of an SOL ETF being offered in the US under question. Market expectations were that the product would debut in some form or another by 2025. But that is no longer likely. Many factors may work against Solana, given the rough start of Ethereum’s ETF.
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Source: watcher.guru