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VanEck Continues Pursuit of Solana ETF Despite Regulatory Hurdles

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Crypto Potato
594Words
Aug 20, 2024

VanEck remains committed to launching a Solana ETF despite the removal of a regulatory filing by Cboe. Matthew Sigel, head of digital assets at VanEck, clarified that the removal of the 19b-4 filing does not affect their ongoing plans, as the S-1 prospectus is still active. The filing's disappearance led to speculation and doubts about the ETF's future, with experts like Scott Johnsson and Nate Geraci expressing skepticism about its approval under the current SEC regime. Despite these challenges, VanEck continues to advocate for Solana's classification as a commodity, aligning with evolving legal perspectives.

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