Four major issuers have filed applications with the Chicago Board Options Exchange (CBOE) to launch the first Solana-focused exchange-traded fund (ETF). The applications from Bitwise, Canary Capital, VanEck, and 21Shares have been filed as Form S-1s and 19b-4s with the U.S. Securities and Exchange Commission (SEC).
The regulator now has up to 15 days to acknowledge the filings and publish them in the Federal Register, kickstarting a 240-day review window. The new filings have triggered a price increase for Solana’s native SOL token, pushing it almost past $263. The applications were filed as commodity-based trusts, and industry watchers are optimistic about their success due to the changing regulatory mood following Donald Trump’s victory in the U.S.
presidential election. If approved, the ETFs could broaden access to Solana for traditional investors, solidifying its standing alongside Bitcoin and Ethereum as a top blockchain ecosystem.
