VanEck and 21Shares Seek SEC Approval for Solana ETFs

Cboe files applications for Solana-based ETFs, marking a significant step in expanding cryptocurrency investment options.

The SEC has 240 days to approve or deny the applications for the VanEck Solana Trust and 21Shares Core Solana ETF.
Approval of Solana ETFs hinges on the outcome of the upcoming U.S. presidential election.
Solana's price surged 5.5% following the filing of the applications.
Analysts suggest that a Trump victory could increase the likelihood of approval.
The SEC's decision will be influenced by the presence of a regulated futures market for Solana.