CDS Crypto News Analysts See Solana ETF Deadline Potentially Mid-March
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Analysts See Solana ETF Deadline Potentially Mid-March

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Analysts See Solana ETF Deadline Potentially Mid-March

Why is the Solana ETF Deadline Set for Mid-March?

Why is the Solana ETF Deadline Set for Mid-March?

On July 8, the Chicago Board Options Exchange (CBOE) submitted two Form 19b-4 applications: one for the VanEck Solana Trust and the other for the 21Shares Core Solana ETF. In this direction, by mid-March 2025, the US SEC should make a final judgment regarding the Spot Solana ETFs.

Similar to spot Bitcoin and spot Ether ETFs, which the SEC approved in January and May, respectively, the CBOE compared the potential Solana funds. It claimed that Solana was immune to manipulation that would hurt investors because of its decentralization, throughput, and speed. The SEC has 240 days, per agency regulations, to determine whether to approve the rule modification that will allow CBOE to offer the VanEck and 21Shares products.

Much like Bitcoin and ETH, the Exchange believes that SOL is resistant to price manipulation and that ‘other means to prevent fraudulent and manipulative acts and practices’ exist to justify dispensing with the requisite surveillance sharing agreement,

both filings

US Presidential Elections Will Decide the Fate of Solana ETFs

US Presidential Elections Will Decide the Fate of Solana ETFs

Eric Balchunas, a senior Bloomberg ETF analyst, cautions that the possibility of the SEC approving a Solana ETF greatly hinges on Donald Trump’s victory in November’s US presidential election. The Solana ETFs will probably be “dead on arrival” if President Joe Biden wins, according to Balchunas, but anything is conceivable if Trump prevails.

Looks like Solana ETFs are going to have a final deadline of mid-March 2025. But between now and then the most important date is in November,

Balchunas

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Analysts See Solana ETF Deadline Potentially Mid-March
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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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