On January 28, 2025, the CBOE BZX scholarship filed new ETF requests on Solana for Bitwise, Vaneck, 21Shares and Canary Capital. After a bitter failure in 2024, these initiatives aim to relaunch the dry exam, thus marking an important step for the Crypto adoption on the traditional financial markets.
CBOE BZX files new requests from ETF Solana!
The new requests, subject in the form of 19B-4 deposits, aim to relaunch the process of examining the dry under the direction of its new acting president, Mark Uyeda, known for his position more favorable to cryptocurrencies. If they are approved, Solana could become the third crypto to benefit from an ETP in cash in the United States, after Bitcoin and Ethereum. The latter were introduced last year, and recorded more than $ 41 billion in cumulative entrances.
Crypto analysts believe that the approval of an ETF Solana could attract between $ 3 and $ 6 billion in net assets During the first year. This optimistic forecast is supported by users of the Polymarket decentralized Paris platform, who assess 86 % the chances of approval of an ETF Solana in 2025.
In addition, asset managers also test other crypto products that may be approved by the dry. In particular, ETF based on Litecoin (LTC), XRP, and even Dogecoin, whose demand for an ETF was recently made by Bitwise.
A regulator favorable to crypto
The SEC decision to revoke the SAB 121 accounting rule, which forced American companies holding cryptos on behalf of their customers to record them as liabilities, has also strengthened the confidence of asset managers. In addition, the creation of a task force dedicated to digital assets, led by Commissioner Hester Peirce, encouraged managers to file new ETF requests based on cryptocurrencies.
The new requests from ETF Solana filed by the CBOE BZX scholarship on behalf of Bitwise, Vaneck, 21Shares and Canary Capital, reflect a regulatory environment in the United States. If they are approved, these ETFs could pave the way for a wider crypto adoption.
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