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First Solana (SOL) ETFs Filed With Cboe by Investment Giants VanEck and 21Shares

July 09, 2024

Applications for the first Solana (SOL) exchange-traded funds (ETFs) on the Chicago Board Options Exchange (CBOE) have been filed with the U.S. Securities and Exchange Commission (SEC).

According to new filings with the Cboe, both VanEck and 21Shares applied for Solana futures ETFs yesterday.

VanEck executive Matthew Sigel also confirmed for the Solana ETF filing on the social media platform X.

“We at VanEck are pleased to announce that CBOE just filed our 19b-4 to list and trade shares of the FIRST Solana exchange-traded fund in the US!

We look forward to engaging with the SEC during the review period.”

According to Bloomberg ETF analyst Eric Balchunas, the Solana ETF response deadline from the SEC is in the spring of next year.

“Looks like Solana ETFs are going to have a final deadline of mid-March 2025. But between now and then the most important date is in November. If Biden wins, these likely DOA. If Trump wins, anything possible.”

VanEck’s Sigel previously said that the firm’s Solana ETF filing was part of a bet that Donald Trump would win the 2024 election and implement crypto-friendly regulations and install pro-crypto executives within his administration.

Bloomberg’s Balchunas said he thought the filing was “a call option on the POTUS election.”

“The knee-jerk reaction here is: ‘oh, this will never be approved because there aren’t Solana futures.’ Agree, but if [there’s a] change at POTUS (President of the United States) I think anything [is] possible. Just imagine [SEC Commissioner] Hester Peirce (or someone like that) running the SEC.”

SOL is trading for $142 at time of writing, up 5% in the last 24 hours.

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