News and analysis on encrypted currencies, Blockchain and decentralized financing

The CBOE BZX exchanged requests for four Solana investment funds, as it seeks to obtain approval from the Securities and Stock Exchange Committee (SEC) under the 19B-4 process. Among the proposals presented are Vaneck Solana Trust, Canary Solana Trust, Bitlise Solana Etf, and 21shares Core Solana Etf.

CBOE BZX and Solana Etf: SEC Time

With the new demand, SEC now has up to 45 days to provide an initial response. However, the agency can extend the review period with a maximum of 240 days.

This evaluation process will determine whether the Solana investment funds meet regulatory standards, which include protecting investors and market control.

Applications were followed by a previous rejection in 2024, when the Supreme Education Council asked the exporters to withdraw their proposals. Through this new introduction, exporters hope to provide direct exposure to investors to Solana, which is one of the assets that are increasingly considered in

One of the main obstacles that suffer from the investment funds circulated in Solana is an organizational uncertainty. Unlike Bitcoin and Ethereum, which was classified as commodities by the CFTC Futures Trading Committee (CFTC), SEC has not yet explained whether Solana (SOL) is a commodity or safety. This ambiguity creates a context for more organizational difficulty to agree to the traded investment funds on the basis Teller.

In the case of Bitcoin and Ethereum, organizational clarity has led to the approval of the investment funds circulating in 2024. For Solana, SEC may require more clarification on the governance structure and use it before making a final decision.

Expansion of ETF encryption market

In addition to the requests of investment funds circulating on Solana, other companies are also looking to expand their offer for encryption products.

Tuttle Capital Management recently submitted requests for 10 investment funds in Crypto, including one dependent on Solana. BitWise Asset Management also submitted a request to get ETF DOGECOIN, which indicates increasing interest in the expansion of the bull and bear market in the investment funds circulating in the encrypted currency.

Outside the United States, Canada will be at the forefront of the circulating investment funds. Investments, already known for launching the first investment funds circulating in Bitcoin and Ethereum, have provided a preliminary draft for the Solana ETF purpose. This fund will allow investors direct exposure to Solana, without the organizational restrictions currently characterized by the American market.

The possibility of Solana Etfs approval in 2025

Analysts believe that the possibilities of approval of the investment funds circulated in Solana may improve in 2025, especially if SEC provides greater regulatory clarity on digital assets.

The increasing adoption of Solana’s Blockchain can play a major role in the decision -making process.

Meanwhile, the market remains in anticipation of updates on SEC decisions. The coming months will be decisive in determining the fate of the investment funds circulating in Solana and their impact on the encryption sector.