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Cryptocurrency News Articles

Four Leading Investment Funds Have Submitted 19B-4 Filings for Solana ETFs with Cboe

Nov 22, 2024 at 07:20 pm

These filings were made with CBOE, a Chicago-based options exchange, which is known for helping investors buy and sell different financial products.

Four Leading Investment Funds Have Submitted 19B-4 Filings for Solana ETFs with Cboe

Four major investment funds have filed 19b-4 filings for Solana (SOL) ETFs with CBOE, a Chicago-based options exchange.

The funds are Vaneck US, 21 Shares, Bitwise Invest, and Canary Funds.

The move comes as interest in crypto ETFs continues to grow, with several funds already offering Bitcoin (BTC) and Ethereum (ETH) products.

Solana is currently the third-largest cryptocurrency by market cap, and its inclusion in an ETF would make it easier for investors to gain exposure to the digital asset.

Four investment funds filed 19b-4 filings for Solana (SOL) ETFs with CBOE, a Chicago-based options exchange, on Friday, according to an SEC filing.

The funds are Vaneck US, 21 Shares, Bitwise Invest, and Canary Funds.

The filings come as interest in crypto ETFs continues to grow, with several funds already offering Bitcoin (BTC) and Ethereum (ETH) products.

Solana is currently the third-largest cryptocurrency by market cap, and its inclusion in an ETF would make it easier for investors to gain exposure to the digital asset.

Solana has been growing rapidly over the past year, thanks to its fast speeds and low costs. The cryptocurrency is now used by a wide range of projects, including DeFi protocols, NFTs, and Web3 applications.

If approved, the filings would clear the way for the funds to begin offering their ETFs, which would trade on CBOE. The SEC has 45 days to approve or reject the filings, though it can extend this period by up to 60 days.

News source:www.altcoinbuzz.io

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