🚨SCOOP: Talks between @SECGov staff and issuers looking to launch a $SOL spot ETF are “progressing” with the SEC now engaging on S-1 applications, according to two people familiar with the matter. These people say there’s a “good chance” we’ll see some 19b4 filings from exchanges on behalf of prospective issuers — the next step in the ETF approval process — in the coming days.
Right now @vaneck_us, @21Shares and @CanaryFunds have all filed S-1’s for a Solana ETF, while @bitwise announced its intent to file an S-1 yesterday. The 19b4 forms would be filed by the exchanges such as the @CBOE on behalf of issuers, asking the SEC to allow them to list the prospective ETFs. Once the SEC acknowledges receipt of the filing, a 240-day window opens for it to either approve or deny the products.
The filing of the 19b4’s does not guarantee an approval by the SEC. Indeed, previous 19b4 filings from VanEck and 21Shares were taken down from the CBOE’s website in August with some industry participants speculating the reason was that the agency under @GaryGensler was not inclined to approve such listings.
Now, issuers have indicated that recent engagement from staff, coupled with the incoming pro-crypto administration is sparking a renewed sense of optimism that a Solana ETF could be approved sometime in 2025.
@hoss_crypto@elonmusk
Mr. Musk, your voice and opinion are important to many in Germany and Europe. They hold significance for many people. Let them be heard.
Germany is ready for a wake-up call, and who better to deliver it than Elon Musk himself? 🇩🇪
On ‘Hoss & Hopf,’ Germany’s #1 societal podcast, we reach over +1 million listeners per episode, and our clips generate 100s of millions of views monthly.
The German people deserve to hear your unfiltered thoughts—not just the media’s spin. It’s time to cut through the propaganda and let your voice be heard directly.
We invite you to join us @elonmusk, and we’ll fly to wherever you are to record it in person. Let’s make this happen.
Best,
Kian & Philip (Hoss & Hopf)
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