CBOE BzX Exchange has re -applying for four companies aimed at launching Solana ETF spot. The deposits, submitted by the SEC 19B-4 operation, include proposals for Vaneck Solana Trust, Canary Solana Trust, BitWise Solana Etf and 21shares Core Solana Etf.
The new deposits aim to restart the organizational process after rejecting previous applications for these Solana investigative funds in 2024.
CBOE Refiles Spot Solana Etf for these four companies
According to the January 28 report, CBOE BZX Exchange has submitted updated requests for four investment funds circulating in Solana under SEC 19B-4. The proposals aim to recount the circulating money focusing on Solana, which will allow investors to obtain direct exposure to Solana (SOL).
Vaneck Solana Trust, Canary Solana Trust, BitWise Solana Etf, and 21shares Core Solana Etf in 2024 at the SEC request. One of the unknown sources noted that all deposits were withdrawn to address the concerns raised by the Supreme Education Council. These renewable introductions indicate an attempt to address potential organizational challenges.
If it is recognized by the SEC, the 19B-4 will officially start the schedule of a decision. Deposits will also be published in the federal registry, allowing the suspension period.
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Kelvin Monin Murithi
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