VanEck and 21Shares Plan to List a Solana ETF in Cboe

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The Cboe has officially requested the Securities and Exchanges Commission (SEC) to allow asset managers VanEck and 21Shares to launch a Solana-based exchange-traded fund (ETF).

The exchange has filed 19b-4 submissions with the SEC, meaning that if the products are approved by the regulator, they can be listed on the market.

The products would be supported by (SOL), the third most actively traded cryptocurrency after Bitcoin and Ether. Cboe, which already lists six of the 10 current spot bitcoin ETFs, would also be the exchange for five spot ether ETFs.

There are expectations that the SEC will approve ether ETFs in the coming week, with multiple issuers submitting amended S-1 forms on Friday and Monday.

VanEck and 21Shares have already filed the necessary S-1 form in June and are now taking the second step of filing the 19b-4, which informs the SEC of a proposed rule change by a self-regulatory organization (SRO) like an exchange.