In recent days, the cryptocurrency market has recovered from its recent crash. Solana was amidst all of this. [SOL] The price of this asset in particular has seen a noticeable increase over the past 24 hours. It was higher than other assets on the market. Chicago Board Options Exchange has filed two Form 19b-4 Applications on the 8th of July. [CBOE]One for the VanEck Solana Trust, and another for the Core Solana 21Shares ETF. The filings read,
“Much like Bitcoin and ETH, the Exchange believes that SOL is resistant to price manipulation and that ‘other means to prevent fraudulent and manipulative acts and practices’ exist to justify dispensing with the requisite surveillance sharing agreement.”
Securities and Exchange Commission [SEC] The CBOE has 240 calendar days to decide whether it will accept the new rule that allows CBOE the opportunity to sell VanEck products and 21Shares. Bloomberg ETF analyst Eric Balchunas suggested that the final deadline for Solana ETFs was mid-March, 2025.
Balchunas said that the SEC’s approval of the Solana ETF will depend on whether Trump becomes the U.S. president in November. Analysts believe that the Solana funds will be approved by the SEC. “dead on arrival” Biden will win the elections. If Trump wins, things could still go either way.
Also Read: Solana Weekly Forecast: How High Can SOL Rise This Week?
Solana Eyes $160
Solana has been suffering over the last month, just like other assets on the market. SOL has risen by 7 percent in the last 24 hours. Altcoins were trading for $143.00 at the time of publication. Daily volume increased by 54% to $3,491,927.463.
Last week, Solana’s investment funds received $16.30 millions in new money. Ethereum’s inflows totaled $10.20 Million. [ETH] римере, SOL has now received $57 millions in total income for the entire year.
Also Read: Solana: VanEck Says SOL ETF is More Likely if SEC Fires Gensler
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Source: watcher.guru
