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02/07 10:01

US SEC Acknowledges Grayscale Solana ETF 19b-4 Fil

US SEC Acknowledges Grayscale Solana ETF 19b-4 Filing: Here’s the Deadline for ApprovalTCB-001-2024-12-04T100236439-700x420.png

The process of approving a Solana ETF has regained momentum after the US SEC acknowledged a filing from NYSE Arca on behalf of Grayscale.

A few months back, the US Securities and Exchange Commission (SEC) asked CBOE exchange to withdraw its Solana spot ETF filing on behalf of asset manager VanEck. The regulator cited classification concerns as the high-caliber cryptocurrency is one of the assets it considers a security.

However, the process took an encouraging turn on Thursday, driving the approval process back on track. The US SEC acknowledged the amended 19b-4 Grayscale Solana ETF filing from stock exchange NYSE Arca, a notable step in the approval proceedings.

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