Yahya 
After the Chicago Board Options Exchange (CBOE) registered applications on Monday to list VanEck and 21Shares‘s planned ETFs, spot solana exchange-traded funds (ETFs) might see a final decision deadline around the middle of March next year.
Applications from CBOE Files
On July 8, CBOE submitted two Form 19b-4 applications—one for the VanEck Solana Trust and another for the 21Shares Core Solane ETF. The CBOE compared the expected Solana funds to spot Bitcoin and spot Ether ETFs, authorized by the SEC in January and May respectively. Solana’s decentralization, throughput, and speed were said to be immune to manipulation capable of harming investors.
“Much like Bitcoin and ETH, the Exchange thinks that SOL is immune to price manipulation and that ‘other mechanisms to prevent fraudulent and manipulative activities and practices’ exist to justify dispensing with the obligatory surveillance sharing agreement” said both documents.
Once the SEC admits the files, ETF analyst Nate Geraci said the “decision clock will start ticking.” The SEC’s own guidelines state that the agency will have 240 days to determine whether or not to authorize the rule modification required for CBOE to list the products from VanEck and 21Shares.
Political Context and Market Forecasts
Senior Bloomberg ETF analyst Eric Balchunas cautions that whether or not Trump is elected as U.S. President in November would greatly affect the probability of Solana ETF clearance from the SEC. “Looks like Solana ETFs have mid-March 2025 as their last date. But between now and then the most [relevant] date is in November, Balchunas said in a July 9 post on X. Balchunas noted that while anything is conceivable if Trump wins, the Solana ETFs would probably be “dead on arrival,” should Biden prevail.
In a June 27 research paper, crypto market maker GSR Markets projected the approval and later release of Solana exchange-traded funds (ETFs) in the United States could possibly push up the price of SOL by a factor of nine.
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