VanEck executives: Continue to advance Solana ETF plan, S-1 filing remains valid

BlockBeats news, on August 20, although Cboe Global Markets has removed the VanEck Solana ETF's 19b-4 filing from its website, VanEck still insists on moving forward with its Solana ETF plan.

Matthew Sigel, head of digital asset research at VanEck, confirmed that although the file is no longer visible, VanEck's S-1 filing is still valid. Cboe submitted an application to the SEC in July, seeking to list the Solana ETF on its exchange, and asked the SEC to make a decision by March.

Sigel said: "VanEck believes that Solana (SOL) is similar to Bitcoin (BTC) and Ethereum (ETH), and is a commodity rather than a security. This belief is determined by evolving legal views. Courts and regulators have begun to recognize that certain crypto assets may act as securities in the primary market, but behave more like commodities in the secondary market."