TechFlow reports, according to sources, that the U.S. Securities and Exchange Commission (SEC) recently discussed with potential Solana ETF issuers the possibility of Solana being classified as a security. Subsequently, Cboe BZX Exchange withdrew the related 19b-4 filings. Currently, these applications are no longer visible on either the Cboe website or the Federal Register. However, VanEck’s Solana ETF S-1 registration statement remains accessible in the SEC’s EDGAR system. Sources indicated that new filings or amendments may be submitted in the future to argue that Solana is not a security. Although Bitcoin and Ethereum ETFs have been approved, market expectations suggest the SEC will approach Solana-based funds more cautiously.
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