VanEck-21Shares Files 19b-4s for Solana Spot ETF

VanEck and 21Shares have filed a 19b-4s application for a Solana (SOL) spot ETF, according to a WatchGuru X account. The U.S. Securities and Exchange Commission (SEC) has 240 days to decide whether to approve the application. "Following the launch of the Bitcoin Spot ETF and securing SEC approval of the rules for the Ethereum (ETH) Spot ETF, we are seeing increased investor interest in SOL," said Rob Marrocco, Head of Listings at CBOE. Eric Balchunas, Bloomberg ETF analyst, said: "We expect the final closing date for the Solana ETF to be mid-March 2025. But the more important date is November, when the U.S. presidential election takes place. If Biden wins, it will likely be DOA (dead on arrival). If Trump wins, anything is possible."