Solana ETF Filings Mysteriously Removed from CBOE, Sparking Fears of SEC Denial

In a recent and unsettling turn of events for the cryptocurrency market, Solana's ETF filings have mysteriously disappeared from the Chicago Board Options Exchange (CBOE) website, raising alarm bells among traders and investors. This unexpected move has fueled concerns that the US Securities and Exchange Commission (SEC) may be delaying or even denying these highly anticipated applications.

Solana has long been considered a strong contender for the next crypto-based ETF in the United States, following in the footsteps of Bitcoin and Ethereum, both of which received approvals this year. However, the path forward for Solana appears to be fraught with uncertainty. Some speculate that the SEC might be grappling with the classification of SOL as a commodity, potentially complicating the approval process for a Solana ETF.

The cryptocurrency sector has been laser-focused on ETFs in 2024, with Bitcoin and Ethereum paving the way. Market participants have been eagerly awaiting the next token to be greenlit for an ETF, and Solana was widely believed to be next in line. However, today's developments have cast doubt on that expectation.

The removal of Solana ETF filings from the CBOE website has intensified concerns about the status of the application process. Notably, both VanEck and 21Shares, the firms behind the Solana ETF proposals, have seen their July submissions vanish from the site. Adding to the confusion, a user on X (formerly known as Twitter) pointed out that the SEC had never issued Notices of Filing for these applications, leaving the situation shrouded in mystery.

This sudden turn of events has raised serious questions about the future of a Solana ETF in the US. Previously, the market had anticipated that such a product could debut in 2025, but that timeline now seems increasingly uncertain. With Ethereum's ETF launch encountering its own challenges, it appears that Solana may face even greater hurdles in securing approval.