The Cboe BZX Exchange has made another attempt to push forward its ambitions in the Solana Exchange-Traded Funds (ETFs) market. It has submitted new applications for four different Solana ETFs to the Securities and Exchange Commission (SEC). These submissions are part of the 19b-4 process, a procedural method under the SEC's rulemaking authority.
Among the ETF proposals are the VanEck Solana Trust, Canary Solana Trust, Bitwise Solana ETF, and 21Shares Core Solana ETF. This move signifies growing interest and confidence in Solana as a significant player in the cryptocurrency market. The timing and approval of these ETFs could potentially influence Solana's market standing.
