Cboe BZX exchange submits SOL spot ETF documents! Bloomberg analysts say next president is key

This site (120BTC.coM): Cboe BZX Exchange is one of the largest stock exchanges in the United States, mainly providing the listing and trading of stocks, exchange-traded products (ETPs) and exchange-traded funds (ETFs). Its parent company is Cboe Global Markets.

Among the Bitcoin spot ETFs listed in January this year, six chose to be listed on Cboe BZX

Ark 21Shares Bitcoin ETF

Wise Origin Bitcoin Trust

WisdomTree Bitcoin Trust

VanEck Bitcoin Trust

Invesco Galaxy Bitcoin ETF

Franklin Bitcoin ETF

SOL has “additional means to protect against fraudulent and manipulative acts and practices”

In this initial 19b-4 filing, the exchange compared the SOL spot ETF to the approved Bitcoin ETF A comparison was made between the Coin Spot ETF and the Ethereum Spot ETF (although not officially listed, its 19b-4 filing has been approved).

Like Bitcoin and Ethereum, the exchange believes that SOL is resistant to price manipulation and that there are “additional means of preventing fraudulent and manipulative acts and practices” that could justify abandoning large-scale surveillance sharing protocols.

VanEck applied for the first Solana exchange-traded fund (ETF) in the United States on June 27, and 21Shares followed suit.

(VanEck applied for the first Solana ETF in the United States, Bloomberg analysts: it is not impossible to pass)

The current market has polarized views on the possibility of SOL ETF approval. Cboe, an exchange that has listed many Bitcoin spot ETFs, believes that , crypto ETFs other than Bitcoin and Ethereum will not be possible without first establishing a futures market or changing regulatory conditions. JPMorgan Chase and Bloomberg also expressed doubts about the possibility of approval, but Bernstein believes that the approval of the Ethereum ETF will pave the way for similar tokens such as Solana to obtain commodity classification.

Bloomberg Analyst: The next president is the key

Bloomberg ETF analyst Eric Balchunas said: It looks like the final deadline for the Solana ETF is mid-March 2025. If Biden wins, this could be a Dead or Alive (DOA) fight. If Trump wins, anything is possible.

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