Solana ETF

Solana ETF application rejected by SEC. Check out the reasons behind this rejection and how it impacts the future of crypto. Read the full explanation!

Solana ETF Application Rejected by SEC, Read the Explanation!

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Solana ETF Application Rejected by SEC, Read the Explanation!.webp

The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana ETF, increasing Brazilian investors' access to the Solana ecosystem. Read in full!

Second Solana ETF Has Been Approved by the Securities Commission 

<img src="https://static.bittime.com/cms-static/upload/Second_Solana_ETF_Has_Been_Approved_by_the_Securities_Commission_27f0de1664.webp" alt="Second Solana ETF Has Been Approved by the Securities Commission " width="2048" height="1152"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en?cn=400001">Bittime</a> -&nbsp;The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana ETF, increasing Brazilian investors' access to the Solana ecosystem. Read in full!&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">Second Solana ETF Has Been Approved</h2>The latest report from Shenzhen TechFlow shows that the Brazilian Securities and Exchange Commission (CVM) has approved Solana's second exchange-traded fund (ETF) in Brazil.&nbsp;Brazilian asset management company Hashdex and local investment bank BTG Pactual will launch a new Solana ETF, which is currently in the preoperative stage.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">Hashdex Manages Various ETF Products</h2>With assets of over $962 million, Hashdex has been managing various ETF products on Brazil's B3 stock exchange for a long time, and is not a new player in the ETF industry.&nbsp;Previously, the company has also launched well-known ETFs such as the Nasdaq Crypto Index as well as ETFs for Bitcoin and Ethereum.Also Read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/solana-ekologi-drift-luncurkan-market-prediksi-bet">Solana Ecology Drift Launches BET Prediction Market</a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">Solana ETF approval in Brazil</h2>Last August 8 in Beijing, Solana's first ETF in Brazil, launched by another Brazilian asset management company, QR Asset, was approved by CVM.&nbsp;The approval of this second ETF enhances Solana's position in the Brazilian market, which is increasingly interested in including crypto assets in their investment portfolios.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">Launch of Solana ETF Capable of Attracting Investors</h2>Brazilian investors are more likely to be able to invest in the Solana ecosystem with the launch of the Solana ETF. This would also indicate the growing interest of Brazilian institutional investors in crypto assets, as they see great potential in blockchain technology and digital assets such as Solana.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">Conclusion</h2>The increasing interest in crypto assets especially from institutional investors is demonstrated by the approval of the second Solana ETF by the Brazilian Securities and Exchange Commission (CVM).&nbsp;The launch of this ETF by Hashdex and BTG Pactual will expand Brazilian investors' access to the Solana ecosystem, strengthen Solana's position in the global crypto market, and grow investor confidence in blockchain technology.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=news&amp;cn=400001">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001"> of&nbsp;Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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The SEC rejected the 19b-4 applications filed by 21Shares and VanEck for the Solana ETF. 

SEC Rejects 19b-4 Application for Solana ETF

<img src="https://static.bittime.com/cms-static/upload/SEC_Rejects_19b_4_Application_for_Solana_ETF_8ed9bf2274.webp" alt="SEC Rejects 19b-4 Application for Solana ETF" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;The SEC denied a 19b-4 application filed by Cboe BZX for two potential issuers of Solana ETFs. This rejection caused the related application to be withdrawn from the Cboe website, and raised pessimism about the Solana ETF in the US market.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">SEC Rejects Application 19b-4 for the Solana ETF</h2>The SEC rejected the 19b-4 application filed by Cboe BZX on behalf of two Solana ETF issuers, namely 21Shares and VanEck. The 19b-4 application is an important step for exchanges like Cboe to begin the approval process from the SEC.&nbsp;However, with this rejection, the application never reached the Federal Register, meaning the official approval process had not yet begun. PThis rejection occurred after several discussions between the SEC and the relevant issuers.&nbsp;The SEC remains of the view that Solana should be considered a security, according to several previous court documents. This matter influence the SEC's decision to reject the application, and led to the application being removed from Cboe's website.Also Read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/harga-solana-naik-jika-etf-solana-disetujui">Potential Increase in Solana (SOL) Price If Solana ETF is Approved</a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Impact of Rejection on 21Shares and VanEck</h2>21Shares and VanEck compete to launch the first Solana ETF in the US. 21Shares' S-1 Application, which is an important form in the ETF registration process, has disappeared from the SEC's EDGAR system. This loss of form has led to speculation that 21Shares may be taking a hiatus from competition for a while.&nbsp;Even so, Audrey Belloff, head of communications for 21Shares, emphasized that the company remains committed to expanding investor access to cryptocurrencies, both in the US and global markets. 21Shares may still have plans to apply for a Solana ETF.Meanwhile, apVanEck's S-1 is still visible in the EDGAR system, indicating that the company is still working toward SEC approval. Matthew Sigel, head of research at VanEck, stated that VanEck's application is still "on track" despite the SEC's pushback.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a>&nbsp;<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Solana ETF Launch&nbsp;Still Far Away</h2>Solana ETFs have been highly anticipated, especially after Solana's continued rise in popularity.&nbsp;The Solana ETF is expected to provide easier access for investors who want to invest in Solana without having to directly buy SOL tokens.However, with the SEC's rejection of the 19b-4 application, the launch of a Solana ETF still seems far away.&nbsp;&nbsp;Also Read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/peluang-etf-solana-dan-altcoin-lainnya">Chances of a Solana ETF and Other Altcoins in the US Market Still Low&nbsp;</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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SEC Rejects 19b-4 Application for Solana ETF.webp

SEC Rejects 19b-4 Application for Solana ETF Filed by 21Shares and VanEck

Bitcoin and Ethereum ETFs have grown, but the opportunities for Solana ETFs and other altcoins still seem small.  

The Chances of a Solana ETF and Other Altcoins

<img src="https://static.bittime.com/cms-static/upload/Solana_and_Other_Altcoins_ETF_b0d32fca23.webp" alt="Solana ETF and Other Altcoins " width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;ETFs based on cryptocurrencies such as <a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/trade/BTC-IDR?content_id=news&amp;cn=400001">Bitcoin</a> and <a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/trade/ETH-IDR?content_id=news&amp;cn=400001">Ethereum</a> have seen significant growth, especially in the US market. However, the opportunities for <a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/trade/SOL-IDR?content_id=news&amp;cn=400001">Solana</a> ETFs and other altcoins still seem to be small.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Solana and Other Altcoin ETFs Hampered by Regulation</h2>Katalin Tischhauser, Head of Investment Research at Sygnum Bank, recently stated that approval of ETFs for crypto assets other than Bitcoin and Ethereum in the US is highly unlikely in the near future.Tischhauser revealed that the main obstacle to the approval of altcoin ETFs in the US is the lack of SEC-regulated trading venues that are amenable to market surveillance.&nbsp;The SEC has a responsibility to ensure that the financial products they approve are free from market abuse, fraud, and manipulation. To achieve this, the SEC monitors the underlying markets by looking at regulated trading venues such as the Chicago Mercantile Exchange (CME) to ensure trading practices are fair, transparent, and free from manipulation.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Popularity of Solana is Far Below Bitcoin and Ethereum</h2>Even if the Solana and other altcoin ETFs are approved, Tischhauser estimates that demand for this product will not be significant. According to him, Ethereum's popularity is only half that of Bitcoin, and other tokens such as Solana are still minimal outside the crypto market.Since its launch in January, spot Bitcoin ETFs have recorded aggregate inflows of $17.7 billion, indicating significant demand. However, spot Ethereum ETFs had a slower start, with aggregate outflows dominating the first week of trading.&nbsp;&nbsp;Tischhauser also noted that the market could look very different for crypto assets outside of Bitcoin and Ethereum when it comes to ETFs. Although Grayscale’s Solana Trust (GSOL) shows demand, the amount of assets under management (AUM) by this fund is much smaller compared to Bitcoin and Ethereum trusts.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">VanEck Optimistic on Solana ETF</h2>However, not everyone shares this pessimistic view of the prospects for Solana ETFs and other altcoins. Matthew Sigel, Head of Digital Asset Research at VanEck, disagrees with the idea that Bitcoin and Ethereum will be the only ETFs.&nbsp;Sigel also added that VanEck aims to lead this innovation in the US. VanEck even filed a Solana ETF with the SEC on June 27. This indicates confidence that with the right market developments, ETFs based on Solana and other altcoins can thrive in the US market.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Solana ETF and Other Altcoins.webp

The Chances of a Solana and Other Altcoins ETF in the US Market Still Low

Launching The Solana ETF is scheduled to take place in March 2025. Check out the following article for complete information!

Solana ETF Coming Soon: Launch Scheduled for March 2025!

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Solana ETF Coming Soon Launch Scheduled for March 2025!.png

Could a Solana ETF be coming sooner than expected? Check out the complete information in the following description!

Solana ETF: Could It Be Coming Sooner Than Expected?

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Solana ETF Could It Be Coming Sooner Than Expected.png

On July 8, 2024, Cboe filed a form 19b-4 with the SEC for the Solana ETF proposed by VanEck and 21Shares. Read this article to find out more! 

CBOE Files Form 19b-4 for Solana ETF

<img src="https://static.bittime.com/cms-static/upload/CBOE_Files_Form_19b_4_for_Solana_ETF_3c078c82bf.webp" alt="CBOE Files Form 19b-4 for Solana ETF" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;The crypto market is buzzing again with important news regarding new ETF filings. On July 8, 2024, Cboe BZX Exchange, Inc. filed form 19b-4 with the SEC for the Solana ETF proposed by VanEck and 21Shares.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Lucky_Draw_Bittime_072d476ddf.jpg" alt="Lucky Draw Bittime" width="746" height="155"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">&nbsp;Cboe Proposed Submission Details</h2>The Form 19b-4 filed by Cboe is a formal step in the regulatory process for introducing new ETFs. VanEck and 21Shares filed for a Solana ETF through Cboe, with the intent of listing and trading shares of the VanEck Solana Trust and 21Shares Core Solana ETF.&nbsp;&nbsp;This filing marks the start of the review process by the SEC. Once this filing is acknowledged by the SEC, the SEC will be given time to review and render a decision regarding the proposed ETF. This process usually involves a rigorous assessment of various factors, including the safety and suitability of the proposed financial product.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Staking_Meme_Coin_3f18ac9bb9.jpg" alt="Staking Meme Coin" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Potential of Solana ETF in Crypto Markets</h2>The Solana ETF proposed by VanEck and 21Shares has the potential to provide investors with easier and broader access to Solana crypto assets. Solana, known for its high transaction speed and cost efficiency, has attracted the attention of many investors and developers in the crypto space.&nbsp;With this ETF, institutional and retail investors can have a more organized and secure way to invest in Solana without having to directly buy and hold the crypto asset.This can increase liquidity and attract more investment into Solana, which in turn can drive the growth of the Solana ecosystem as a whole.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/Hamster_Kombat?cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_airdrop_hamster_kombat_bittime_7ccd46df19.jpg" alt="Airdrop Hamster Kombat Bittime" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Awaiting SEC Decision</h2>According to Nate Geraci, president of The ETF Store, Cboe's filing of form 19b-4 for the Solana ETF from VanEck and 21Shares is a major step in the regulatory process. Geraci said that once this filing is acknowledged by the SEC, the decision-making process will begin immediately.&nbsp;Therefore, crypto players should continue to monitor these developments as the SEC's decision will influence the next steps for the Solana ETF.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_Crypto_di_Bittime_8a66f330dc.jpg" alt="Cara Beli Crypto di Bittime" width="776" height="273"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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CBOE Files Form 19b-4 for Solana ETF.webp