CBOE BZX Refiles Solana Etf Applications for BitWise, VANECK, 21shares and Canary Capital
CBOE BzX Exchange has re -created several requests for Solana ETF (the exchange fund for exchange) on behalf of four of the exporters rejected by the US Securities and Stock Exchange Committee last year.
The 19B-4 Recquered Canceles on January 28 by the stock exchange are for the proposed funds that focus on Sol by bitwiseand You areand 21 Shares and Canary capital.
He demands more friendly environment for encryption
Applications were rejected by the Supreme Education Council in late 2024, but the changing organizational scene under the new SEC chair, Mark Uyeda raised hopes. If declared, Solana may become the third cryptocurrency that has a circulating health in the United States, after market leaders Bitcoin and Ethereum, which was presented last year, and has since recorded more than $ 41 billion in cumulative flows, according to data from Farside Investors He appears.
The new SEC is seen under Uyeda as more convenient to encrypt, which reflects some restrictions implemented by Gary Ginsner, its former president to combat Cryrypto, who stepped down on January 20. Which ignited optimism in the encryption space. Among them is the SEC decision to cancel SAB 121, a accounting base that requires American companies to carry on behalf of their customers to record digital assets as opponents on their public budgets.
SEC has also created a coding team to design and implement an organizational framework for digital assets in the United States. This group is led by the Commissioner and the Hyster Pierce encrypted lawyer. In general, the recent developments by the SEC asset managers have given more confidence to move forward in Crypto -based ETF files.
However, there is still a law against Coinbase as the organizer referred to Sol as safety, raising concerns about the possible ETF launch associated with Altcoin. However, the recent court decisions such as the partial XRP success have weakened the position of the American organizer. In addition, exporters like Vaneck claim that Solana is qualified as a commodity within the Howe Test, given its decentralized ecosystem and facilities -based symbols.
The changing regulatory environment in the United States has led to many asset managers to many investment funds circulating in recent weeks. ETF requests for altcoins such as Litecoin (LTC), XRP and even the leading Meme Coin Dogecoin (Doge).
Bettors Polymark sees 86 % Solana ETF chance that will be approved in 2025
Re -submission comes amid increasing optimism that Solana ETF will be approved in 2025. Users of the decentralized betrayal platform Polymarket Put the prospects for these Sol money to get a green light this year by 86 %. This represents an increase of 28 % during the past month.
Along with the growing Polymarkket possibilities, experts also shared their upward predictions for the potential Solana ETF flows. At the beginning of the month, analysts from the Wall Street Banker expected JPMORGAN that the ETF Sol and XRP boxes will end in the ETHEREUM (ETH) in the first six months after its launch.
The bank estimated that the Sol ETFS can attract between 3 billion and 6 billion dollars of net assets, and it is similarly expected that ETF XRP boxes will rise to between 4 billion and 8 billion dollars of net assets.
Cryptopolitan Academy: Free Web3 fraud – download now
