VanEck and 21Shares Refile Spot Solana ETF Applications
Asset managers continue to advance filings for a US-listed spot Solana ETF, arguing that market and regulatory conditions have shifted.
VanEck and 21Shares have continued to advance filings for a US-listed spot Solana exchange-traded fund, working with the Cboe BZX Exchange on updated 19b-4 filings. The issuers argue that SOL now shares many of the structural characteristics that supported approval of spot Bitcoin and Ether products.
The SEC's approach to non-BTC and non-ETH commodity classifications remains a central open question, and the timeline for any decision is likely to depend as much on political and personnel changes at the commission as on the strength of the filings.
Similar products already trade in Europe and Canada, providing a live template for how a US listing might function.
