The filings for Solana exchange-traded funds (ETFs) by asset management firms 21Shares and VanEck have unexpectedly vanished from the Chicago Board Options Exchange (CBOE) website. This has left many in the financial world puzzled about what might be happening.
In June, Both companies filed S-1 forms seeking approval to launch Solana ETFs, with their applications referenced as SR-CboeBZX-2024-067 and SR-CboeBZX-2024-066.
However, these documents are no longer accessible, and no Notices of Filings from the U.S. Securities and Exchange Commission (SEC) have been issued. This absence of documentation may indicate that either the applications were withdrawn by 21Shares and VanEck or that the SEC has rejected them.
The situation has drawn criticism from industry professionals including Matthew Sigel, Head of Research at VanEck, who expressed disappointment, especially since Brazil recently approved Solana ETFs.
Sigel suggested that the U.S. is falling behind other countries in regulating digital assets and criticized U.S. lawmakers for not supporting the growth of this sector.
Scott Johnsson, the General Counsel at Van Buren Capital, has also weighed in, blaming SEC Chair Gary Gensler for the situation. Johnsson speculated that there might have been procedural issues with how the applications were filed, leading to their removal from the CBOE website.
Also Read: “BlackRock Has No Immediate Plans for Solana ETF” — BlackRock’s CIO