Meran

🚨SCOOP: Talks between @SECGov staff and issuers looking to launch a $SOL spot ETF are “progressing” with the SEC now engaging on S-1 applications, according to two people familiar with the matter. These people say there’s a “good chance” we’ll see some 19b4 filings from exchanges on behalf of prospective issuers — the next step in the ETF approval process — in the coming days. Right now @vaneck_us, @21Shares and @CanaryFunds have all filed S-1’s for a Solana ETF, while @bitwise announced its intent to file an S-1 yesterday. The 19b4 forms would be filed by the exchanges such as the @CBOE on behalf of issuers, asking the SEC to allow them to list the prospective ETFs. Once the SEC acknowledges receipt of the filing, a 240-day window opens for it to either approve or deny the products. The filing of the 19b4’s does not guarantee an approval by the SEC. Indeed, previous 19b4 filings from VanEck and 21Shares were taken down from the CBOE’s website in August with some industry participants speculating the reason was that the agency under @GaryGensler was not inclined to approve such listings. Now, issuers have indicated that recent engagement from staff, coupled with the incoming pro-crypto administration is sparking a renewed sense of optimism that a Solana ETF could be approved sometime in 2025.