Cboe BZX Exchange has submitted four 19b-4 filings for asset managers Bitwise, VanEck, 21Shares and Canary Capital to list spot Solana exchange-traded funds (ETFs) — the same day the Securities and Exchange Commission chief confirmed he will resign in Jan

If approved, the Bitwise, VanEck, 21Shares and Canary Capital-issued spot Solana SOL $260.43 ETFs would be listed on the Chicago Board Options Exchange

Four 19b-4 filings have been submitted by the Cboe BZX Exchange for asset managers Bitwise, VanEck, 21Shares and Canary Capital to list spot Solana exchange-traded funds (ETFs) — on the same day the Securities and Exchange Commission chief confirmed he will resign in January.

If approved, the Bitwise, VanEck, 21Shares and Canary Capital-issued spot Solana SOL $259.07 ETFs would be listed on the Chicago Board Options Exchange (CBOE)’s BZX Exchange, which is located in the United States.

Extract from VanEck’s 19b-4 filing to the SEC. Source: CBOE

19b-4s inform the SEC of a proposed rule change by a self-regulatory organization such as a financial regulatory body or stock exchange.

It differs from S-1 registration statements, which VanEck and 21Shares already submitted for their Solana ETFs in late June and Canary Capital filed four months later, on Oct. 30.

Meanwhile, Bitwise registered a statutory trust in Delaware for a spot Solana ETF on Nov. 20, indicating that it would put its name in the ring for regulatory approval. The crypto-focused asset manager then filed its S-1 on Nov. 21.

The filings came — coincidentally or not — as the anti-crypto Gary Gensler announced he would resign as the SEC’s chair on the day of Donald Trump’s inauguration.

Gensler was supposed to serve as SEC’s chair until 2026.

His voluntary resignation means that’s one less promise Trump will need to fulfill after the president elect told the crypto industry that he would fire Gensler on “Day 1.”

Related: Sui Network restored after 2-hour outage in setback for ‘Solana killer’

Many industry pundits expect a far friendlier crypto regulatory environment, which could result in more crypto ETF filings like those seen on Nov. 21.

A new SEC leadership and more regulatory clarity could see Solana’s potential security status tossed out the window; a 21Shares spokesperson told Cointelegraph:

Asset managers have also submitted filings for spot XRP XRP $1.38 and Litecoin LTC $89.53 ETFs. Franklin Templeton filed for a crypto index ETF, though the SEC has delayed the decision on that until early January 2025.

Many industry analysts anticipate inflows into approved spot Solana ETFs may be small relative to what’s been seen with the Bitcoin BTC $98,563 and Ether ETH $3,364.63 ETFs.

That said, Solana has been one of the top performers this bull cycle, increasing by more than 2,500% to $254.71, CoinGecko data shows.

It is now 1.2% off its all-time high price of $259.96 set in November 2021.

Magazine: What Solana’s critics get right… and what they get wrong

Be the first to get new crypto and DeFi updates, plus exclusive tips and tricks.

A weekly toolkit that breaks down the latest DeFi developments, offers sharp analysis, and uncovers new financial opportunities to help you make smart decisions with confidence. Delivered every Friday