{"id":32634,"date":"2024-11-22T17:00:39","date_gmt":"2024-11-22T14:00:39","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32634"},"modified":"2024-11-22T13:55:23","modified_gmt":"2024-11-22T10:55:23","slug":"solana-etf-applications-surge-as-genslers-resignation-date-confirmed","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/solana-etf-applications-surge-as-genslers-resignation-date-confirmed\/","title":{"rendered":"Solana ETF Applications Surge as Gensler&#8217;s Resignation Date Confirmed"},"content":{"rendered":"<p><strong>Bitwise<\/strong>, <strong>VanEck<\/strong>, <strong>21Shares<\/strong>, and <strong>Canary Capital<\/strong> have submitted their <strong>S-1 registration filings<\/strong> to list <strong>spot Solana ETFs<\/strong>. On the same day, the <strong>Cboe BZX Exchange<\/strong> filed four <strong>19b-4 applications<\/strong> to list the <strong>Solana ETFs<\/strong> after <strong>SEC Chairman Gary Gensler<\/strong> announced his resignation. If approved, the <strong>ETFs<\/strong> would be traded on the <strong>Chicago Board Options Exchange (CBOE)\u2019s BZX Exchange<\/strong>.<\/p>\n<p>The <strong>19b-4 filings<\/strong> inform the <strong>SEC<\/strong> of a proposed rule change by a self-regulatory organization like a financial regulatory body or stock exchange. These filings are different from the <strong>S-1 registration statements<\/strong> that <strong>VanEck<\/strong> and <strong>21Shares<\/strong> submitted earlier in June and <strong>Canary Capital<\/strong> filed in late October.<\/p>\n<p>On <strong>November 20<\/strong>, <strong>Bitwise<\/strong> registered a statutory trust for its <strong>Solana ETF<\/strong> in <strong>Delaware<\/strong>, signaling its intent to seek <strong>regulatory approval<\/strong>. The company then filed its <strong>S-1 registration statement<\/strong> on <strong>November 21<\/strong>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-11\/01935185-a302-7d0a-ab04-b3f4dab3de2e\" alt=\"solana\" width=\"1104\" height=\"582\" \/><\/p>\n<p>This move came as <strong>Gary Gensler<\/strong> announced he would resign on the same day <strong>Donald Trump<\/strong> was set to begin his presidency. Though <strong>Gensler<\/strong> was expected to serve until 2026, his voluntary resignation aligns with Trump\u2019s promise to fire <strong>Gensler<\/strong> on \u201cDay 1\u201d of his presidency.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/solana-etf-applications-surge-as-genslers-resignation-date-confirmed\/#Expectations_for_a_Friendlier_Regulatory_Environment\" title=\"Expectations for a Friendlier Regulatory Environment\">Expectations for a Friendlier Regulatory Environment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/solana-etf-applications-surge-as-genslers-resignation-date-confirmed\/#Solanas_Performance_Sparks_Interest\" title=\"Solana\u2019s Performance Sparks Interest\">Solana\u2019s Performance Sparks Interest<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Expectations_for_a_Friendlier_Regulatory_Environment\"><\/span>Expectations for a Friendlier Regulatory Environment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Many industry experts are now expecting a more favorable <strong>regulatory environment<\/strong> under <strong>Trump\u2019s<\/strong> leadership. With a new <strong>SEC<\/strong> administration and clearer regulations, the debate over <strong>Solana\u2019s<\/strong> potential classification as a <strong>security<\/strong> may become less of a concern.<\/p>\n<p><strong>21Shares<\/strong> emphasized that they believe <strong>Solana\u2019s<\/strong> native token, <strong>SOL<\/strong>, qualifies as a <strong>commodity<\/strong> eligible for <strong>ETF<\/strong> inclusion, as no court has classified <strong>SOL<\/strong> as a <strong>security<\/strong>.<\/p>\n<p>Meanwhile, filings for <strong>spot XRP<\/strong> and <strong>Litecoin ETFs<\/strong> have also been made, with <strong>Franklin Templeton<\/strong> applying for a <strong>crypto index ETF<\/strong>. However, the <strong>SEC<\/strong> has delayed its decision until <strong>January 2025<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Solanas_Performance_Sparks_Interest\"><\/span>Solana\u2019s Performance Sparks Interest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Solana<\/strong> has been one of the top performers in the current bull cycle, rising over <strong>2,500%<\/strong> to <strong>$254.71<\/strong>, just 1.2% off its all-time high of <strong>$259.96<\/strong>. Although analysts expect limited inflows into <strong>Solana ETFs<\/strong> compared to <strong>Bitcoin<\/strong> and <strong>Ethereum<\/strong>, <strong>Solana&#8217;s<\/strong> strong performance has attracted significant attention.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitwise, VanEck, 21Shares, and Canary Capital have submitted their S-1 registration filings to list spot Solana ETFs. On the same day, the Cboe BZX Exchange filed four 19b-4 applications to list the Solana ETFs after SEC Chairman Gary Gensler announced his resignation. If approved, the ETFs would be traded on the Chicago Board Options Exchange<\/p>\n","protected":false},"author":28,"featured_media":31753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,10,657,2],"tags":[3178,61,1149,9648,840,847,58,297,105,839,1751,39,9509,1527,319,6425,1145],"class_list":["post-32634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-economy-news","category-en","category-news","tag-21shares","tag-bitcoin","tag-bitwise","tag-canary-capital","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-etf","tag-ethereum","tag-gary-gensler","tag-regulation","tag-sec","tag-sec-filing","tag-sol","tag-solana","tag-solana-etf","tag-vaneck"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana ETF Applications Surge as Gensler&#039;s Resignation Date Confirmed - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/solana-etf-applications-surge-as-genslers-resignation-date-confirmed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana ETF Applications Surge as Gensler&#039;s Resignation Date Confirmed - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Bitwise, VanEck, 21Shares, and Canary Capital have submitted their S-1 registration filings to list spot Solana ETFs. 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