Cboe BZX Exchange has reignited the proposal for a spot Solana ETF in the United States, following a strategic resubmission of 19b-4 applications. The resubmission was done on behalf of significant players in the financial markets, namely Bitwise, VanEck, 21Shares, and Canary Capital. These entities have been persistent in their aim to bring Solana ETFs to the forefront, despite regulatory hurdles in the US crypto market.
The move highlights an ongoing evolution in crypto regulation as stakeholders maneuver to integrate digital assets like Solana into traditional financial instruments accessible to a wider audience.
