Cboe BZX Exchange has submitted new 19b-4 documents for a spot Solana ETF on behalf of several institutions. This includes the Canary Solana Trust, Bitwise Solana ETF, 21Shares Core Solana ETF, and VanEck Solana Trust. The renewed applications indicate a strong interest in Solana-based investment products.

These submissions come after the rejection of previous applications for these products last year. It appears that the withdrawals were made at the SEC’s request, highlighting the regulatory challenges faced by cryptocurrency-related exchange-traded funds.

Despite these hurdles, the participation of prominent financial institutions reflects ongoing efforts to secure approval for such investment vehicles in the U.S. market. This sustained interest underscores the potential for growth in cryptocurrency investments.

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