Cboe BZX Exchange has refiled applications for four firms seeking to launch spot Solana ETFs. These applications are submitted under the SEC's 19b-4 process and include the VanEck Solana Trust, Canary Solana Trust, Bitwise Solana ETF, and 21Shares Core Solana ETF. This move aims to restart the regulatory approval process.
For these firms, getting the green light from the SEC would signify a substantial step forward in institutional adoption of Solana-based investments. Prior applications were submitted but are now being reinitiated to comply with updated regulations and market dynamics.