VanEck Solana’s ETF Plans are still active, despite Cboe’s removal.

VanEck, the asset manager, remains committed to launch a Solana ETF despite recent events that have caused speculation over its future.

After Cboe Global Markets removed its regulatory submission proposing the listing of the fund from their website, there was uncertainty.

Remove Cboe filing

Matthew Sigel addressed the concerns raised in a post on X, VanEck’s head of research for digital assets. He clarified that the removal from the filing did not mean the end of VanEck’s Solana ETF plans.

You can also find out more about the following: acknowledged The CBOE confirmed that although the VanEck Solana VanEck ETF 19b-4 has been removed from the website, the S-1 prospectus is still in effect. The ETF is still active, indicating that the VanEck Solana ETF company continues with their plans.

No longer available is the 19b-4 form. submitted Cboe sought, on the 8th of July, approval from U.S. Securities and Exchange Commissions (SECs) for listing VanEck and 21Shares’ planned Solana Exchange Traded Funds.

These filings are handled by exchanges such as Nasdaq or Cboe and are not the S-1 prospectuses which are submitted by issuers. As of August 9, however, the Cboe website no longer displayed the document, which fueled rumors regarding the ETFs’ status.

Summers was the cofounder of Synoptic. highlighted In an X-post dated August 17, the disappearance of filings was discussed, pointing to Cboe rule changes that would make it impossible for related documents to be accessed.

In light of the SEC’s lackadaisical silence, he asked whether all 19b-4s were withdrawn.

Some experts doubt Solana’s ETF approval

Scott Johnsson of Van Buren Capital is a general attorney who responded to the withdrawal with skepticism and suggested that the Solana ETF could be at risk. “dead on arrival” Gary Gensler, the chair of the SEC’s current administration.

Johnsson speculated It is possible that regulators flagged Solana as a non-commodity, believing it to be a false classification. It is possible that the regulator did not send a formal notice of disapproval.

Nate Geraci of ETF Store agreed with Johnsson. viewing The developments are a clear indication that an ETF based on Solana is not likely to be approved under the existing regulatory regime.

VanEck is committed to the Solana ETF proposal despite these obstacles. Sigel reaffirmed It is the position of this firm that Solana functions like Bitcoin, Ethereum and other commodities.

The evolving perspectives of the law support his view. Some courts and regulators recognize that some crypto assets can act like securities on primary markets, but more behave as commodities on secondary markets.

“We remain committed to advocating this position alongside our exchange partners to the appropriate regulators,” Sigel conclusion